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Argos Soditic takes stake in Italmatch

Private equity advisor Argos Soditic has taken a 45 per cent stake in chemicals company Italmatch for an investment of approximately E25m.

Private equity advisor Argos Soditic has acquired a 45 per cent stake in specialty chemicals firm Italmatch for approximately E25m, according to Financial News.

Argos Soditic made the investment from its E160m Euroknights IV fund. Italian private equity firm Iniziativa Piemonte also holds a 45 per cent stake in the business and the remaining 10 per cent is controlled by management.

Italmatch makes phosphorous-based lubricating oil for engines and halogen-free flame retardants.