Novacap Is Moving From Bain To AXA | January 24, 2011 Issue - Vol. 89 Issue 4 | Chemical & Engineering News
Volume 89 Issue 4 | p. 18 | Concentrates
Issue Date: January 24, 2011

Novacap Is Moving From Bain To AXA

Department: Business
Keywords: private equity, France

AXA Private Equity has agreed to acquire a majority stake in France’s Novacap from Bain Capital in a transaction that values Novacap at about $320 million. Novacap was created in 2003 when Bain purchased some of Rhodia’s intermediate chemical and mining activities. Bain says Novacap has increased sales since then to about $630 million per year. AXA also owns the chemical distributor Unipex and the German intermediates maker CABB.

 
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