Bain, BC, Goldman Joint Fund Sells $403M Brenntag Stake

Law360, New York (January 5, 2012, 3:52 PM EST) -- Brachem Acquisition SCA, a joint fund of European private equity firm BC Partners, Boston-based Bain Capital LLC and Goldman Sachs Group Inc., has sold an 8.7 percent stake in German chemicals distributor Brenntag AG for €315 million ($403 million), it said Thursday.

Luxembourg-based Brachem, Brenntag's biggest shareholder since 2006, will offer 4.5 million shares to institutional investors for $85.56 per share, according to a release.

After the Goldman-led transaction, Brachem will remain Brenntag's biggest owner, with a 27.3 percent stake, said the firms, who bundled their...
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