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Permira to exit CABB?

According to unconfirmed reports, private equity firm Permira is considering exiting from its ownership in CABB after seven years and an auction may begin next year. The German-headquarters fine and speciality chemicals producer could raise about $1.2 billion, it is estimated.

Permira, which has about €44 billion in committed capital around the world, originally acquired CABB from Bridgepoint in 2014. Four years later, it bought Evonik Jayhawk Fine Chemicals, adding a US presence to the company.

IPOs for Azelis, Nouryon

Two companies active in the speciality chemicals sector - chemicals distributor Azelis and Nouryon, the former chemicals division of AkzoNobel – have separately announced IPOs in recent weeks. Both are currently owned by private equity.

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