HgCapital intends to sell subsidiary Mondo Minerals BV, the world’s second largest talc producer, to Advent International Corp., the London-based private equity group announced.
HgCapital, which had acquired Finland’s Mondo Minerals from European ground calcium carbonate producer (GCC) Omya AG in 2007, put Mondo up for sales in March this year.
The sale of Mondo, which produces about 800,000 tpa (13% of world production), is anticipated to complete in the next four months.