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Triton agrees €702m exit for Ruetgers with Rain Commodities sale

22 Oct 2012

Nordic private equity group Triton has agreed to sell German chemical company Ruetgers to Indian investment group Rain Commodities for €702m, according to Reuters.

Last week, it was reported that Triton had put plans for a dividend recapitalisation of German chemical company Ruetgers on hold after receiving renewed interest from trade buyers.

In August, Pamplona Capital Management, the private equity firm backed by Russian billionaire Mikhail Fridman’s Alfa Group, was said to be in advanced talks to buy the company for over €600m.

In September, AltAssets reported that Triton had begun fundraising for a €2.4bn private equity fund focused on mid-market investments.

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