|
Almeida Capital is pleased to be a premier sponsor of AltAssets
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
PRINT THIS PAGE CVC sells Adisseo Group to China National Chemical Corporation21/10/2005. Source: AltAssets. 
 CVC Capital Partners has agreed to sell all of the outstanding shares in Drakkar Holdings, the Belgian parent company of the Adisseo Group animal nutrition businesses to Beijing-headquartered China National Chemical Corporation (ChemChina). Financial details of the transaction have not been disclosed.
Adisseo designs, manufactures and distributes nutritional additives for the animal feed sector. The business' principal products are methionine (RHODIMET), vitamins (MICROVIT) and enzymes (ROVABIO). The group's turnover in 2004 was approximately €500m. Adisseo was formed in connection with Drakkar's acquisition of Aventis's animal nutrition business in April 2002.
Anthony Clinch, managing director of CVC, said, 'I am delighted by this transaction, which is something of a landmark deal for the European private equity sector. Under its new ownership there is a great opportunity for Adisseo to further develop its products in fast growing markets and fully exploit its considerable technological capabilities. I am confident that under the leadership of Patrick Verschelde and with the support of ChemChina, Adisseo will continue to grow from strength to strength.'
CVC advises funds of over €16.8bn in Europe and Asia.
Copyright © 2005 AltAssets
|
 
|
|
|
