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CVC Looks To Sell Taminco
CVC Capital Partners is yet again seeking to sell its Taminco amine-derivatives operation.
CVC Capital Partners is yet again seeking to sell its Taminco amine-derivatives operation, Bloomberg reports. The move follows the failure to strike a deal with synthetic rubber maker Lanxes, which had offered about $1.4 billion for the business.
CVC is now tapping private equity firms, including Advent International Corp. and Apollo Global Management, for acquisition bids. Equity market volatility is causing hindrance for a planned initial public offering of Taminco.
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