Advent and Turkven sell Roma Plastic

Advent International and Turkven Private Equity have sold Turkish manufacturer of PVC edge bands to Austrian wood manufacturing firm Egger.

The deal value has not been disclosed but the trade buyer has acquired 71.5% with the management team holding the balance.

Roma Plastik was founded in 1996. In 2009, the company generated a turnover of €50m with a workforce of 400.

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal

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Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

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