It is understood that Wanhua Industrial Group is in talks with Permira's BorsodChem to take an equity stake in the Hungarian business. According to reports, the Chinese chemical group has already acquired EUR 200m of the company's mezzanine debt from junior lenders European Capital and Alcentra.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint