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.
Anna Morrison joins from IFM Investors, where she managed the firm's fund-of-funds programme
Fund's predecessor, Isomer Capital Fund, closed on €150m in February 2016
Funding will be used to hire more staff, support product development and meet customer demand
True Core VII provides seed and early-stage capital, while True Select IV provides follow-on capital