Italmatch and Dussur Stake

Dussur's investment in Italmatch Chemicals showcases another sophisticated tool in its strategic arsenal: using "patient capital" to facilitate technology transfer. In a deal announced in December 2022 and celebrated at a high-profile ceremony in Riyadh in May 2023, Dussur signed a definitive agreement to acquire a minority stake in the Italian specialty chemical additive manufacturer from its majority owner, Bain Capital Private Equity. The transaction was structured in two parts. First, Dussur acquired a block of shares from Bain Capital. Concurrently, Dussur committed to injecting an additional €100 million directly into Italmatch as a capital increase. Upon completion, Dussur's total interest in the company was expected to be less than 20%. This capital injection was specifically earmarked to fund the establishment and development of specialized chemical factories within Saudi Arabia.