Fuel material extraction - Business News
- 13 December 2006 -

Management buyout for Novasep

The management of Novasep, a French manufacturer of purification systems for life sciences, have reached an agreement with Gilde Buy Out partners regarding the acquisition of the former company.

Novasep is currently shared between Rockwood, at 78.6% and its management at 21.4%. The company will be acquired for an enterprise value of E425 million by a financial investor group led by Gilde and management, which will own around 28% of the capital.

Novasep operates mainly in Europe, with subsidiaries in the US , China and Japan and around 1300 employees.

"Rockwood allowed Novasep to grow dramatically in the last two years," said Novasep CEO Roger Marc Nicoud. ".Today it is time for Novasep to go back to more independence, and to continue on its successful growth path."

www.novasep.com

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