According to the German press, US Strategic Value Partners plans to exit Vestolit, a Marl-based producer of PVC. Strategic Value Partners bought the company from a Candover-led consortium last year.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio