GERMANY - Financial consortium exits Vestolit to Strategic Value Partners

Candover has sold PVC-producer Vestolit to Strategic Value Partners, alongside the company's management. A consortium of investors, led by Candover, acquired the company in 1999. Other groups making up the consortium were Chase Capital Partners, Foreign & Colonial Ventures and Advent International, as well as specialist chemicals, minerals and basic industries investor D George Harris. The company had a turnover of DM 560m (approximately EUR 280m) at the time.