BELGIUM - CVC acquires Taminco in EUR 800m deal

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.