IMCD Group, a Rotterdam, Netherlands-based leader in the marketing, sales and distribution of specialty chemicals, and food and pharmaceutical ingredients, has received a €105m mezzanine financing.
The round, which was led by affiliate investment vehicles and accounts advised by KKR Asset Management LLC (KAM), and included leading credit investor Sankaty, was part of the acquisition of the company by Bain Capital Partners LLC.
The transaction, which closed on February 28, 2011, will be instrumental in the company’s development.
With offices and warehouses in 34 countries in Europe, Africa and Australia/Asia, IMCD represents producers of specialty chemicals and food- and pharma ingredients used in various markets from around the globe. Its team of technical and commercial specialists advises customers on function, formulation and application of products.