Ardian acquisition of Exclusive Synthesis and Maleic Anhydride Intermediates & Specialties

Overview:

• Private equity firm Ardian acquired the Exclusive Synthesis (ES) and Maleic Anhydride Intermediates & Specialties (IM) units from Dpx Fine Chemicals, a subsidiary of Dpx Holdings, in a management buyout. 
• Dpx Fine Chemicals is a chemical company based in Linz.
• ES and IM were Dpx's agricultural and fine chemical manufacturing units respectively. 
• Following the acquisition the two units have been rebranded ESIM Chemicals. 
• Although the fee for the transaction was not disclosed, Ardian negotiated a senior financing package exceeding €100 million to fund the acquisition. 
• BHF Bank, BNP Paribas, ING DiBa, IKB Deutsche Industriebank, SEB and UniCredit Bank Austria provided the financing. 
• Herter & Co and Ernst and Young were Adrian's financial advisor on the transaction, Deloitte represented Dpx. 

Ben Naylor - Regional editor