Ardian to sell chemical group Novacap
Ardian has announced that it has entered into exclusive negotiations with Eurazeo and Mérieux Développement to sell its majority stake in Novacap, the global diversified chemicals group.
Ardian would remain a minority shareholder therefore reaffirming its confidence in the management team.
Based in Lyon, Novacap is a global diversified chemicals group that produces and distributes essential chemicals that are used in everyday products.
It enjoys leading positions in its target growth end-markets of pharmaceuticals & healthcare, food & feed, cosmetics & fragrances, home care and environment.
Since acquiring its original stake in Novacap in 2011, Ardian has supported the company in its external and organic growth, reinforcing its position as a leader in specialty chemicals while successfully implementing its international expansion strategy.