Fox Paine to sell stake in VCST Ind

Fox Paine & Co, a private equity firm based in the San Francisco bay area, is reportedly planning to sell its majority stake in VCST Industrial NV. The Belgium-based company specialises in the manufacture of auto parts. No financial terms for the planned deal, which is being arranged by Citigroup, have been disclosed. Fox Paine bought VCST last September.

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• Benelux
• Industrials