AXA Private Equity sells Eliokem International

AXA Private Equity will sell Eliokem International to Omnova Solutions for EUR227.5 million ($302 million). Omnova, the Ohio-headquartered producer of commercial furnishings, plans to combine Eliokem with its performance chemicals segment. The company will raise $425 million in debt to fund the deal, which include all of Eliokem’s debt.

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