Bain Capital is selling German chemical distribution business Brenntag in a reported €3.25bn secondary buyout to BC Partners. The acquisition is subject to the agreement of the responsible regulatory authorities. Return details were not disclosed.
Bain Capital acquired the business just over two years ago for an undisclosed sum and plans to retain a minority interest in the business.
Brenntag has a presence in more than 300 locations in 50 countries and supplies industrial and specialty chemicals to many industries in the manufacturing sector. The business has approximately 9,200 employees and achieved sales of close to €5.3bn in 2005 (US$6.6bn).