GERMANY – AXA Private Equity buys CABB

AXA Private Equity has acquired more than 70% of shares in German specialty chemicals company CABB GmbH. As a result previous financial investor Gilde has fully exited its investment. CABB, formerly part of the Hoechst group, had been a subsidiary of Clariant until June 2005, when Gilde backed a management buyout and the company became independent.