M&A

M&A

Ami Organics to acquire 55% in Baba Fine Chemicals for Rs.68-Cr

BSE Disclosure  

Publicly-listed Ami Organics Limited will acquire a 55% stake in Baba Fine Chemicals, a fine speciality chemicals company focused on custom synthesis and manufacturing of intermediates, for INR 68.2 crore in cash and stock. Law firm Argus Partners advised Baba Fine Chemical on the deal that values the target at 4x adjusted FY23 EBITDA. BFC is engaged in the business of manufacturing specialty chemicals used in the semiconductor and electronic industry. BFC' management has a strong track record of handling custom synthesis for commercial production for several complex products as well as scaling up products from R&D stage to commercial scale.