CFI advised Axyntis, its management and Fuji Silysia on its capital and debt restructuring transaction

Paris – CFI France served as exclusive financial advisor to Axyntis, its management and Fuji Silysia in this capital and debt restructuring transaction.

Axyntis is a French group with sales of €83 in 2014 and 7 production sites, involved in 2 segments:

• Fine chemicals for pharmaceuticals, electronics agrochemical and other end-markets. Axyntis carries out the chemical synthesis of value added molecules, and offers standard products in the form of active ingredients or chemical intermediates as well as custom synthesis products,
• Dyes, through its subsidiary Steiner (producer of colorants for the oil, paper, leather and textile industries).

Description of the assignment: : After a cycle of growth (sales of €83m in 2014 vs. €51m in 2010) supported by its majority shareholder, Argos–Soditic, Axyntis group takes a new strategic step, initiated by its management team. The capital of Axyntis group is now owned equally by Fuji Silysia (a Japanese industrial group expert in the manufacture and distribution of silica products and other related chemical goods, whose two major subsidiaries, Fuji Silysia Chemical Ltd and Fuji Chemical Ltd, have sales of over €100m) and David Simonnet, Chairman of the Board and Managing Director of Axyntis, along with the management of Axyntis.

This strategic step was concluded through an agreement on the restructuring of the financial debt and an increase of cash. This new shareholder structure and this strengthening of the balance sheet will able Axyntis to reinforce its human and technical capacities to develop and manufacture complex molecules, for its existing and future clients. In addition, this transaction will further reinforce the globalisation of the two groups: Axyntis will handle new production silica projects from Fuji, and Fuji will strengthen the position of Axyntis in Japan through its industrial presence and recognition.

Chemicals

management, and

have undergone a capital and debt restructuring transaction

Transaction details

Axyntis, a specialist in fine chemicals for pharmaceuticals and electronics agrochemical, as well as dyes, has undergone a capital and debt restructuring transaction, while bringing on Fuji Silysia as a new shareholder