CVC Capital Partners has acquired Belgium-based chemical producer Taminco from AlpInvest Partners for EUR 800m. Taminco produces alkylamines and derivatives for use in the pharmaceutical, agrochemical, animal feed and water treatment industries. Taminco is headquartered in Ghent and was established in 2003 following a carve-out from UBS. AlpInvest mandated Merrill Lynch to run an auction process to dispose of the asset. Following the deal, CVC will hold a 75% stake in the company in return for an equity investment of EUR 200m. Merrill Lynch, Rabobank, Dresdner Kleinwort and Fortis Bank provided a debt package to support the transaction.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater