Exclusive: Audax selling Koda Distribution Group for up to $360 mln
Boston-based Audax Group has put its acquisitive portfolio company Koda Distribution Group up for sale in a deal that could fetch up to $360 million for the chemical products specialist, according to sources. With about $45 million in EBITDA, Koda Distribution Group could draw a purchase price multiple of 7x to 8x EBITDA, a source familiar with the deal said. A separate source familiar with the chemical sector said prices have been choppy in the face of lower commodity prices.
29 July 2015•2 mins read
