Ardian Acquires Italmatch From Mandarin Capital

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Global alternative investment firm Ardian, previously AXA Private Equity, has signed a binding agreement to acquire Italian specialty chemicals manufacturer Italmatch Chemicals from Euro-Asia private equity firm Mandarin Capital Partners and the Malacalza Family, according to an announcement made by Ardian.

Specific terms were not disclosed, but the senior management of Italmatch will retain a 12% stake in the company after the deal.

China Money Network

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