NorthEdge sells £52m turnover chemicals company to China giant
Private equity specialist NorthEdge Capital has completed the sale of its chemicals’ manufacturer Fine Industries Ltd to Chinese-listed life sciences company Lianhe Chemical Technology Company Ltd.
The transaction is NorthEdge’s fourth exit following the sale of Sumo Digital and IPOs of Accrol Group Holdings and Ramsdens Financial, and represents a 2.5x return on investment for NorthEdge Capital Fund I.
Shenzhen-listed Lianhetech is China’s leading chemical contract manufacturer, with a market cap of about $2bn and revenue... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
