Castrén & Snellman acted as the legal advisor to 3i and funds managed by 3i in the sale of KemFine, a leading tier-one supplier to the fine chemicals market, to CABB, a German speciality chemicals company.
3i is an international investor focused on private equity, infrastructure and debt management.
Headquartered in Helsinki, Finland, KemFine is a custom manufacturer of fine chemicals with a focus on intermediates and active ingredients mainly for the agrochemicals market. The company has long-term relationships and supply agreements with leading agrochemical companies. KemFine generated annual revenues of EUR81m in 2010 and employs approximately 190 staff in Helsinki and its production site in Kokkola, Finland.
The transaction is subject to standard competition clearances.
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