ITALY - Cape Natixis Due closes first deal
Mid-market fund Cape Natixis Due, managed by Cape Natixis SGR, has closed its first investment by acquiring the optical monomer division of US-based Chemtura.
The deal, carried out via a Swiss newco named Acomon AG, was done in partnership with German private equity firm Auctus Management. The business' operations are based in Ravenna. In 2006, it generated revenues of approximately EUR 35m.
Monomers are used in applications that require clarity and durability, such as lenses for prescription glasses and sunglasses, protection sheets for welding masks and screens, safety shields, photographic filters, lenses for welder's goggles, and lab equipment.
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