Charterhouse to exit Lucite

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 ТЃ1.4bn, with potential bidders identified as BASF, Dow Chemicals, Rohm Haas and Japanese competitors Asahi Kasei and Mitsubishi Rayon.