Charterhouse intends to exit its investment in Lucite. The private equity house recently mandated Deutsche Bank to handle the sale after receiving unsolicited approaches from trade buyers. The possible value of a sale has been estimated at £1.4bn, with potential bidders identified as BASF, Dow Chemicals, Rohm Haas and Japanese competitors Asahi Kasei and Mitsubishi Rayon.
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Following the deal, CCV Schweiz will be integrated with Concardis Schweiz, which is part of Nets Group
Minority shareholder IMS Capital has also filed for insolvency; Getnow is now seeking new investors
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment