A New York-based private equity firm has bought a company in the Netherlands that manufactures speciality ingredients for the food, pharmaceutical and animal feed markets.

A New York-based private equity firm has bought a company in the Netherlands that manufactures speciality ingredients for the food, pharmaceutical and animal feed markets.

Arsenal Capital Partners, which invests in the industrial, healthcare and financial services sectors, bought DSM Special Products from Royal DSM for an undisclosed sum.

Arsenal principal John Televantos said: “This acquisition of DSM Special Products is an excellent fit with our investment strategy in the specialty chemicals sector to acquire mid-size, niche market leaders in higher growth sectors that are supported by strong management teams.”

The acquirer’s US counsel was Daniel Eisner, a partner at Proskauer Rose, while Gaike Dalenoord of NautaDutilh handled the Dutch legal aspects of the deal.