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Arsenal Capital Partners has signed an agreement to sell the ultraviolet curable materials maker IGM Resins to another private equity firm, Luxembourg-based Astorg. While financial terms were not disclosed, published reports in March said Arsenal was asking for more than $600 million for the firm, which makes photoinitiators, acrylates, and additives used in coatings and ink. Arsenal bought IGM in 2012. Since then IGM has made several acquisitions, including the 2016 purchase of BASF’s photoinitiators business.
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