BMC Europe, a private equity fund managed by Shanghai International Group (SIG) and backed by Shanghai government, has acquired German rayon maker Cordenka GmbH for 240 million euros (US$272 million). The deal, sold by European private equity firm Chequers Capital, has received consent from Chinese and German authorities, making it BMC Europe Fund’s first acquisition since its launch […]
China’s Private Equity Fund BMC Europe Buys Out German Rayon Maker Cordenka GmbH For $272M appeared first on China Money Network.