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.