US private equity firm Bain Capital has sold its remaining 7.9% stake in Netherlands-based specialty chemicals distributor IMCD.

Bain placed 4.2 million shares, priced at €31.25 per share, with institutional investors. The transaction was led by Goldman Sachs International and Deutsche Bank.

Bain used to be IMCD’s main shareholder before the distributor launched an initial public offering (IPO) on the Amsterdam Euronext stock exchange in June 2014. Bain had already reduced its interest from 39.17% to 7.9% by the end of last year.