AAC Capital mulling the selling of IMCD

Dutch bank ABN AMRO’s former private equity arm, AAC Capital is mulling a sell of IMCD, sources revealed. Speculation has arisen that AAC Capital is keen on selling the Rotterdam based chemical distributor. As it stands currently, IMCD generates about 1 billion Euros in revenue. The reports first appeared Wednesday, reiterating the firm’s detailed plans geared at disposing the chemicals distributor.

The Dutch investor has hired UBS as an adviser, and the process is at an early stage, the people added. The potential deal underscores a pickup in private-equity activity involving chemical sector companies. Just recently, Clayton, Dubilier & Rice purchased a major stake in Univar NV, another Dutch chemical distribution firm owned by CVC.

The two firms were unavailable for comment, with a spokesman from AAC saying the firm does not comment on speculation. IMCD is a leading company in marketing, sales and distribution of specialty chemicals and food- and Pharma ingredients, with offices and warehouses in 34 countries in Europe, Africa and Australia/Asia. Its global business operations span a number of continents and generate a bulk of the firm’s overall earnings per annum.

IMCD represents producers from around the globe of specialty chemicals and food- and Pharma ingredients used in various markets and essential for making thousands of products necessary for everyday life. IMCD’s team of high caliber technical and commercial specialists advises its customers on function, formulation and application of products. The firm’s efforts are supported by laboratories and innovative IT solutions.

AAC Capital Partners is a leading Northern European mid-market buyout firm with a unique regional footprint. Made up of the former Dutch, Nordic and UK investment teams of ABN AMRO Capital, the firm leads buyouts within the 50 million Euros to 500 million Euros deal range in the consumer, industrial and services sectors.

AAC Capital Partners targets opportunities for majority stakes in profitable, cash-generative companies headquartered in the Netherlands, Nordic region and the UK. Analysts believe this speculated sell may be geared at raising capital for further acquisitions to encourage growth and expansion.

Currently, AAC Capital Partners has 1.66 billion Euros total funds under management. The firm’s transactions are a direct result of its long-term strategy based on local presence, together with regional sector expertise and intelligent reading of the market. The firm has witnessed impressive performances, with revenues that have maintained an impressive sustenance.

6 Oct 2010.