AXA Signs Agreement with Bain Capital To Acquire Majority Stake in Novacap

摘要

Paris-AXA Private Equity has signed an agreement with Bain Capital to acquire a majority interest in Novacap for approximately ?240-million (PCN, 4 Oct 2010, p 4).Bain acquired Novacap, a producer of phenol, acetone, soda ash and other products, from Rhodia in 2002. The acquisition by AXA is subject to approval by European antitrust authorities and other necessary government authorizations.