Buyout trio chase Dutch chemical firm IMCD-sources

* Bain, Cinven, New Mountain battle for IMCD -sources

* Binding bids due next week

By Simon Meads and Quentin Webb

LONDON, Dec 6 (BestGrowthStock) – New Mountain Capital is vying with
larger private equity rivals Bain Capital and Cinven [CINV.UL]
to buy IMCD, the Dutch chemicals distributor with nearly 1
billion euros in sales, people familiar with the matter said.

The trio are in the second round of bidding for the
Rotterdam-based chemical distributor, which has been owned by
ABN Amro’s former private equity arm AAC Capital since 2005.

Binding bids are due next week, one of the people said,
adding that Hellman & Friedman had also entered the second round
of the auction but had dropped out.

The private equity firms either declined to comment or were
not immediately available for comment. IMCD did not immediately
respond to a request for comment.

IMCD has 800 staff in 31 countries and 925 million euros
($1.2 billion) in revenues, according to an Aug. 30 press
release. Its clients include specialty chemicals companies, such
as Wacker Chemie AG (WCHG.DE: ), and producers of ingredients used
to make food and drugs.

Buyout trio chase Dutch chemical firm IMCD-sources