Clifford Chance advises CABB on sale of US-based Jayhawk Fine Chemicals to Anupam Rasayan India

Clifford Chance advised CABB Group, a portfolio company of Permira, on the sale of US-based Jayhawk Fine Chemicals to Anupam Rasayan India Ltd. The transaction concerns the sale of a 100% equity stake in Jayhawk Fine Chemicals Corporation to Anupam Rasayan India Ltd for approximately US$150 million. Closing is expected to occur in January 2026, subject to satisfaction of customary conditions precedent and closing actions. The divestment forms a key part of CABB’s strategy to move away from industrial applications, electronics and semiconductors and to concentrate on expanding its specialties portfolio in Pharma and Life Sciences from its production sites in Switzerland, Germany and Finland. Jayhawk Fine Chemicals, founded in 1941 and headquartered in Galena, Kansas, joined the CABB Group in 2018. It specialises in custom manufacturing of advanced intermediates, active ingredients and high-performance materials. Approximately 65% of Jayhawk’s revenue is derived from performance materials serving sectors such as electronics, energy and infrastructure, aerospace and polymers, with the majority of its sales originating in the United States. The CABB Group, owned by private equity investor Permira, is a Crop Science contract development and manufacturing organisation (CDMO) supplying customised active ingredients and high-complexity, high-purity chemical ingredients to Life Sciences and Performance Materials customers. The company operates six production sites in Switzerland, Finland, the USA, Germany and China, employs around 1,200 people and reported an annual turnover of over €604 million in the 2024 financial year. Clifford Chance represented CABB Group with a team composed by: partner Jörg Rhiel (Corporate/Private Equity, Frankfurt) leading the team; counsel Paul Kohlhaas (Corporate/Private Equity, Frankfurt); senior associates Elisabeth Kreitmair and Friedrich von Bülow (both Corporate/Private Equity, Frankfurt); partner Holger Lutz, senior associate Michael Kümmel and associate Stephanie Giek (all Tech/Digital, Frankfurt); partner Dimitri Slobodenjuk and counsel Caroline Scholke (both Antitrust, Düsseldorf); senior counsel Hannes Deusch (Global Financial Markets, Frankfurt); partner Katia Gauzès and counsel Lauren Harris (both Corporate, Luxembourg); associate Neil Nguyen (Corporate/Private Equity, London); counsel Daryl Fairbairn (IP, New York); associates Peter Guinnane and Jack Weymer (both Corporate, New York); and associate David Walsh (Tax, New York).

Clifford Chance advises CABB on sale of US-based Jayhawk Fine Chemicals to Anupam Rasayan India

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