Today, BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to the approval of the relevant competition authorities.
Givat Brenner, Israel, and Ludwigshafen, Germany, December 12, 2019 – BASF Venture Capital is the lead investor in a funding round for Israeli AgTech startup Equinom. Equinom's computerized breeding technology provides optimized seeds for the food industry to help it meet growing demand for plant-based products used as ingredients, clean label packed goods and healthier lifestyle cuisine. With this investment, BASF Venture Capital promotes BASF’s strategy of applying innovative solutions in agriculture. Existing investors who also joined this round include, among others, Fortissimo Capital, a leading Israeli private equity fund that invests primarily in the technology, AgTech and industrial sectors, as well as Roquette, a global leader in plant-based ingredients for food, nutrition and health markets and a pioneer in new vegetal proteins.