PRINT THIS PAGE Carlyle in talks to buy Swiss chemicals group13/07/2004. Source: AltAssets. 
 US Carlyle is in advanced talks to acquire the electronic materials division of highly indebted Swiss chemicals group, Clariant. The deal is expected to raise in the region of SFr500m ($408m).
The sale would be the second of four non-core divisions Clariant has put up for sale since last year. The company has already sold its cellulose ethers business to Shin-Etsu Chemical of Japan for $299m, according to a report by the Financial Times.
The chemicals sector has provided a rich source of deal flow for private equity groups on both sides of the Atlantic over recent months. Bain Capital has completed a number of deals in Europe and also acquired Rhodia's North American phosphate business for $550m last month. Blackstone acquired German Celanese for E3.1bn and Kohlberg Kravis Roberts acquired the bulk of Dynamit Nobel from Germany's MG Technologies for E2.25bn.
Copyright © 2004 AltAssets
|
