Bain acquires Royal DSM, Sinochem JV

The private equity business of Bain Capital LLC (Boston, Mass.) acquired the DSM Sinochem Pharmaceuticals Ltd. JV of Royal DSM N.V. (Euronext:DSM) and Sinochem Group (Beijing, China). Royal DSM will receive about €250 million ($291 million) up front and is eligible to receive a €50 million ($59 million) earnout. Further financial terms were not disclosed...