GERMANY - PPM Capital sells BST after 15 months
PPM Capital has sold BST Safety Textiles just 15 months after it acquired the company. The buyer is WL Ross & Co, a private equity firm headquartered in the US.
BST is an airbag weaver and will join WL Ross's portfolio of steel, textile, coal, automotive and financial services industries. The company expects revenues of EUR 200m this financial year.
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