Mentha Capital has monetized its stake in Quaron
Mentha Capital, an independent private equity firm in the Benelux, is pleased to announce that the Quaron Group (“Quaron”) has completed the sale of its subsidiary Quaron France S.A. to Kem A.G., a joint venture created by Stockmeier Holding GmbH and Overlack A.G., two of the largest German chemical distributors.
Through this acquisition Kem A.G. will gain a strong foothold in the 2nd largest chemical distribution market in Europe.
For Quaron, this divesture is the logical final step after the sale of its Quaron Benelux companies to Univar in January 2011.
With the sale of Quaron France S.A., Quaron finalized the divestment process of its operating companies, thereby securing a sound perspective for their respective futures, at the same time realising attractive returns for its shareholders.
Quaron was created in 2003 as a platform for a successful executed growth strategy, thereby doubling its size. Mentha enabled this strategy by taking a minority participation in February 2007 and held a Supervisory Board seat throughout the holding period.