Goldman, BC Partners, Bain Sell Further Brenntag Stake
24 February 2012 - 10:19PM
Dow Jones News
Brachem Acquisition, an investment vehicle of BC Partners, Bain
Capital and Goldman Sachs Group Inc. (GS), said Friday it sold a
14% stake in German chemicals distributor Brenntag AG (BNR.XE) for
EUR577.5 million.
Brachem sold 7 million shares at EUR82.50 each, reducing its
stake in Brenntag to just below 14%.
At 1045 GMT, Brenntag shares traded 2.3% lower at EUR84.80.
Private equity funds advised by BC Partners, Bain Capital and
Goldman Sachs have bundled their Brenntag shares at Brachem.
Brachem acquired Brenntag in 2006, and sold a first stake in the
company with an initial public offering in March 2010 at EUR50 per
share.
-By Steffen Gosenheimer and Friedrich Geiger, Dow Jones
Newswires; +49 69 29725 506; friedrich.geiger@dowjones.com
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