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Permira acquires chemicals maker CABB from Bridgepoint

22 Apr 2014

german flag 2_sqPermira has bought fine chemicals manufacturer CABB International from fellow European private equity firm Bridgepoint.

The German company supplies custom synthesized active ingredients and intermediates for the agrochemical market and other end-markets. Its products include monochloroacetic acid, which is a chemical intermediate used in various sectors including agrochemicals, pharmaceuticals, cosmetics, flavours, fragrances, vitamins and surfactants.

Co-head of the industrial team at Permira Torsten Vogt said, “CABB is perfectly positioned as a leading global supplier of fine chemicals, specialty chemicals and intermediates to a variety of growing global industries including the agrochemicals industry, which we know well.

“We will leverage our long-standing expertise of the food value chain and in the chemicals industries built through the funds’ investments in Cognis and Netafim among others to support CABB’s standalone growth strategy in the years ahead.”

Earlier this month Pemrira-backed online travel business eDreams Odigeo priced its IPO to give it a market capitalisation of €1.1bn.

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