Azalea Capital Partners is pleased to announce its role as an Sole Advisor, and Arranger in securing an $ 11 mn fund raise for an offshore subsidiary of Camlin Fine Sciences Ltd (CFS) aimed at acquiring remaining stake in Dresen Quimica SAPI De CV (“Dresen”) from its JV partner Controladora De Servicios Riso SAPL De CV (RISO). This funding, facilitated by Banco Sabadell, a prominent Spanish Bank and marks as a significant milestone for Camlin.
Camline established a wholly owned subsidiary “CFS Mexico” which acquired equity stake of Dresen. The funding for the proposed acquisition was made in CFS Mexico. The security for the acquisition comprised 100% equity shares of Dresen and a corporate guarantee from CFS.
Camlin started this JV to make its footprint in Mexico’s market. This successful fund-raise and acquisition of remaining stake testaments to its strategic foresight and commitment to establish itself in Mexico’s food and chemical market as leading player. With the support of Azalea Capital Partners and Banco Sabadell, CFS Mexico is well-positioned to capitalize on emerging opportunities and chart a path towards sustained growth and success in the Mexican market and beyond.
About Camline Fine Sciences:
Camline Fine Sciences is a vertically integrated company specialized in specialty chemicals and blends, with applications spanning various industries including food, pharma, and petrochemicals. With operations across India, Mexico, Brazil, Italy, China, and more, CFS supplies over 100 products to 1000+ customers in 80+ countries. It emphasizes R&D for innovative products and pursues organic and inorganic growth strategies to control the entire value chain and maximize margins in a globally competitive environment.
About Azalea Capital Partners LLP:
Established in 2017, Azalea Capital Partners LLP, a Mumbai-based boutique investment bank, specializes in structured and distressed financing solutions for underserved Indian mid-caps. Co-founded by Emkay Global Financial Services and Abhijit Shrivastava, it leverages extensive market expertise to tap into lucrative credit opportunities. Emkay Global Financial Services Ltd., founded in 1995, is a respected name in the financial services sector, providing research-backed financial advice and wealth creation services to a diverse clientele worldwide, including FIIs, mutual funds, banks, corporate houses, and HNIs.
