Clifford Chance advises Permira’s portfolio company CABB on the sale of US-based Jayhawk Fine Chemicals to Anupam Rasayan India Ltd.

Global law firm Clifford Chance has advised CABB Group on the signing of a definitive agreement with Anupam Rasayan India Ltd to sell a 100% equity stake in its US-based production site Jayhawk Fine Chemicals Corporation for ~US$150 million. Closing of the transaction is expected to occur in January 2026, following satisfaction of conditions precedent and customary closing actions.

The divestment of Jayhawk Fine Chemicals represents a key step in CABB’s strategy to shift from industrial applications, electronics and semiconductors and focus on further expanding its specialties portfolio in Pharma and Life Science from its production sites in Switzerland, Germany and Finland.

Founded in 1941 and headquartered in Galena, Kansas, USA, Jayhawk Fine Chemicals has been part of the CABB Group since 2018 and is engaged in custom manufacturing of advanced intermediates, active ingredients, and high-performance materials. The company generates approximately 65% of its revenue from performance materials, serving leading global companies in electronics, energy & infrastructure, aerospace and polymers, with a majority of revenue coming from US markets.

The CABB Group, owned by private equity investor Permira, is a leading Crop Science contract development and manufacturing organization (CDMO), supplying customized active ingredients. CABB also offers high-complexity and high-purity chemical ingredients to customers in the Life Sciences and Performance Materials markets. The company operates six production sites in Switzerland, Finland, USA, Germany and China. With around 1,200 employees, CABB recorded an annual turnover of over €604 million in the 2024 financial year.

The Clifford Chance team advising CABB on this transaction was led by partner Jörg Rhiel and further comprised counsel Paul Kohlhaas, senior associates Elisabeth Kreitmair and Friedrich von Bülow (all 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) as well as associate David Walsh (Tax, New York).