Navigation path

Left navigation

Additional tools

Other available languages: FR DE


Brussels, 20 December 2002

Commission clears acquisition of part of French chemicals group Rhodia by US investment fund Bain Capital

The European Commission has approved the acquisition by Bain Capital Ltd of the European chemical intermediate businesses of the Rhodia Group. The operation does not create any competition concerns since the acquiring company is not active in any of the acquired businesses.

Bain Capital is a limited partnership investment fund whose ultimate general partner is Bain Capital Investors, a world-wide fund management group that manages private equity, venture capital, hedge and high yield funds.

Rhodia is the French parent company of an international group active in numerous fields, including fine organics (i.e. specialty chemicals used in the pharmaceuticals, agrochemicals, food and fragrances industries), additives, high performance industrial specialties, polyamide products and polyesters.

The businesses to be divested are involved in the production of soda ash, sodium bicarbonate, phenol, acetone and hydrochloric acid trading.

The Commission's investigation showed that Bain Capital does not hold any interest in any companies active in the same product markets and, therefore, the transaction does not give rise to any horizontal overlaps or vertical integration concerns.

Side Bar