Permira continues chemicals roll-up with acquisition

Permira, the UK private equity formerly known as Schroder Ventures, has bought Chance & Hunt from Close Brothers Private Equity in the latest step of its bid to create a pan-European chemicals distribution group.

Permira is merging Chance & Hunt into Azelis, a chemicals distribution business that it has owned since last year. Azelis holds Novorchem of Italy and Groupe Arnaud of France and Permira is using acquisitions to build it up.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached