Bain Capital Private Equity (Boston,. Massachusetts / USA; www.baincapital.com) said it has signed a definitive agreement to acquire Italmatch (Genoa / Italy; www.italmatch.it) from private investment group Ardian (Paris / France; www.ardiant.com). It did not disclose financial details of the transaction.

Founded in 1997 by current CEO Sergio Iorio, Italmatch focuses on performance additives for water treatment, lubricants and plastics. Sales last year were around EUR 400m. Its 17 manufacturing sites are located in Italy, Spain, Germany, UK, China, Japan, India and the US. Over the past four years under Ardian, Italmatch has more than doubled its sales, both organically and through acquisitions, completing nine transactions.