Summary:
Funds advised by Convergent Finance LLP (‘Convergent’), along with Belgium-based Ackermans & van Haaren (‘AvH’) through its wholly owned subsidiary Anfima NV (‘Anfima’) have acquired a 3.3% and a 6.6% stake respectively in listed specialty chemicals company Camlin Fine Sciences (‘CFS’) following a successful open offer process. The increased stake has resulted in these funds becoming part of the company’s promoter group (which includes Chairman and Managing Director Ashish Dandekar) and Anfima. Harsha Raghavan, Managing Partner at Convergent Finance LLP, said, “We are delighted to become co-promoters and increase our ownership stake in CFS as we strongly believe in the underlying fundamentals. At an economic level, the AvH group represented in 2022 a turnover of 5.7 billion euros and employed 21,453 people through its share in the participations. About Convergent Finance LLPConvergent Finance LLP is an investment management and advisory partnership at the forefront of bringing together Ideas, Capital, and passionate Entrepreneurs..