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PRINT THIS PAGE ABN AMRO Capital acquires IMCD from AlpInvest Partners15/07/2005. Source: AltAssets. 
 ABN AMRO Capital has acquired specialty chemicals distributor IMCD in a secondary buy-out from AlpInvest Partners. AlpInvest bought the company in 2001. Following the transaction, management will remain an important shareholder in the company. Financial terms of the transaction have not been disclosed.
IMCD - previously part of Internatio-Müller's general trading activities - is a provider of sales, marketing and distribution services to suppliers and users of specialty chemicals, pharma and food ingredients in Europe, Australia and New Zealand. The company employs 700 staff. It achieved a turnover of €550m in 2004.
Marc Staal, managing director of ABN AMRO Capital in the Netherlands, said, 'The purchase of IMCD offers the opportunity to invest in a very well managed company. IMCD has a strong market position in a broad range of specialty chemical niches and a strong brand name to suppliers. We are keen to back add-on acquisitions in the still fragmented distribution market.'
The acquisition is ABN AMRO Capital's third in the Netherlands this year, following its acquisition of a majority stake in Dutch textile services company Fortex from Industri Kapital and Fortex management, and the acquisition of holiday parks operator Roompot in a secondary buy-out from Dutch private equity firm Bencis Capital Partners.
ABN AMRO Capital, the global private equity business of Netherlands-based ABN AMRO, has funds under management of €2bn. The firm is currently raising a new fund in Australia.
Copyright © 2005 AltAssets
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