Clifford Chance has advised a company held by Permira funds on the acquisition of specialty chemicals company CABB International, Sulzbach (near Frankfurt am Main) from Bridgepoint. The transaction is subject to approval from the competent antitrust authorities.

CABB is a leading global supplier of fine chemicals, specialty chemicals and intermediates to a variety of growing global industries including the agrochemicals industry. CABB was founded in 2003 in the course of the restructuring of Clariant's acetyl business.

The Clifford Chance team was led by partner Oliver Felsenstein and comprised counsel Joachim Hasselbach, senior associate Frederik Mühl and associate Paul Bock (all Private Equity, Frankfurt), senior associate Amrei Fuder (Real Estate, Frankfurt), partner Thomas Hey (Employment law, Düsseldorf), counsel Dr. Jochen Pörtge and senior associate Christoph Crützen (both Litigation, Frankfurt) as well as partner Marc Besen and senior associate Dr. Achim Gronemeyer (both Antitrust, Düsseldorf). In addition, several lawyers from the Clifford Chance offices in Luxembourg and Beijing advised on the transaction.