DGAP-News: Willkie Farr&Gallagher LLP: Willkie advises AXA Private Equity on its sale of CABB Group
(firmenpresse) - DGAP-News: Willkie Farr&Gallagher LLP / Key word(s): Disposal
Willkie Farr&Gallagher LLP: Willkie advises AXA Private Equity on
its sale of CABB Group
16.03.2011 / 09:54
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AXA Private Equity, Europe's leading diversified participation holding
company, has entered into an agreement to sell the chemical company CABB to
financial investor Bridgepoint. The parties did not disclose the purchase
price.
AXA Private Equity acquired CABB, headquartered in Sulzbach, in 2007. Since
then, CABB's annual turnover has increased to EUR311M. With AXA's support,
CABB also acquired SF Chem based in Pratteln near Basel, and took over the
Indian company Karavati to gain access to the Asian market.
CABB is one of the world's leading providers for chloride and acetic acid
based chemical building blocks and world-market-leader at monochloroacetic
acid (MCAA), the key part of a wider palette of applications ranging from
crop protection (herbicides and fungicides) to personal hygiene and the
food industry. The company is a leading provider of tailor-made on-demand
solutions for leading companies in the agro-chemistry and food industries,
as well as in the pharmaceutical and specialized chemistry sectors. The
company has a total of four production sites, two of which are located in
Germany.
'AXA Private Equity has significantly supported CABB with its network, its
capital and its knowledge, enabling us to develop our leading position in
the world market,' says CABB managing director Martin Wienkenhöver. Adding
that the merger with the former SF Chem as well as the purchase of
Karnavati in India contributed significantly to the CABB's successful
growth strategy, Wienkenhöver added: 'We are very optimistic with regard to
the future growth of our business and are happy, together with our new
investor Bridgepoint, to continue pursuing our existing direction
established under AXA Private Equity and to realize the further strategic
potential of our company.'
'CABB developed during the past ten years into a bigger and more successful
company', says Christof Namenyi, member of the management of AXA Private
Equity Germany. 'The example CABB shows is this: We deliver what we
promise. Our focus is not financial engineering; we change companies, we
make them grow and enhance their ability to compete.'
The Willkie team was led by Mario Schmidt (Corporate/Private Equity) and
included partners Jan Wilms (Finance), Rolf Hünermann (Regulatory/Corporate
Commercial), Dr. Stefan Jörgens (Corporate/Private Equity), Dr. Christian
Rolf (Employment Law), and associates Dr. Octávio de Sousa
(Corporate/Private Equity), Dr. Markus Käpplinger (Corporate/Private
Equity), Ingo Bednarz (Corporate/Private Equity), Tobias Daubert (Private
Equity/Finance), Jennifer Diedrichsen (Regulatory/Corporate), Tobias
Dietrich (Regulatory/Corporate), Abra Edwards (London), Jochen Riechwald
(Employment Law), Dr. Maximilian Schwab (Corporate/Private Equity), Kathrin
Schwesinger (Corporate/Private Equity) and Dr. Matthias Werner
(Corporate/Private Equity).
Willkie Farr&Gallagher LLP is an international law firm, comprising
approximately 640 attorneys in offices in New York, Washington, Paris,
London, Milan, Rome Frankfurt and Brussels. The firm is headquartered in
New York City at 787 Seventh Avenue, Tel.: 001 212 728 8000.
Frankfurt, March 15, 2011
End of financial news
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16.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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115685 16.03.2011
Datum: 16.03.2011 - 09:54 Uhr
Sprache: Deutsch
News-ID 33475
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