IK Investment Partners buys Unipex Group

AXA Private Equity has agreed to sell 100% of its interest in active ingredients and specialty chemicals supplier and distributor Unipex Group to the IK2007 Fund advised by IK Investment Partners. The transaction is subject to certain customary conditions but is expected to be completed by the end of September.

“We would like to thank AXA Private Equity for its active ownership during these four years, which has enabled us to gain a leading position,” said Patrice Barthelmes, ceo of Unipex Group. “We remain focused on the future growth of our business and will continue to offer high quality products and services to our customers. We look forward to working with IK Investment Partners as we grow Unipex Group’s leading global market position. We anticipate a successful close to 2012 and are excited about the many opportunities we see in our target markets.”

AXA Private Equity Group originally acquired Unipex from Atrium Group in 2008 and in the time since Unipex’s revenues have increased to €200m.