HT TROPLAST
Secondary private equity buyout / Carlyle and Advent pass profile specialist to Bahrain investor
In a secondary private equity buyout, Carlyle Group (Dallas, Texas / USA; www.thecarlylegroup.com) and Advent International (Boston, Massachusetts / USA; www.adventinternational.com) have sold HT Troplast (Troisdorf / Germany; www.ht-troplast.com) to Bahrain-based Arcapita Bank (Manama; www.arcapita.com) – see Plasteurope.com of 27.06.2007 – for an undisclosed sum.
Carlyle and Advent, which respectively owned 55% and 45% of the PVC window profile specialist with 2006 sales of EUR 848m, are believed to have paid Rütgers EUR 300m for the company in January 2005. Up to now, Arcapita has invested primarily in US companies, none in the plastics industry.
Carlyle and Advent, which respectively owned 55% and 45% of the PVC window profile specialist with 2006 sales of EUR 848m, are believed to have paid Rütgers EUR 300m for the company in January 2005. Up to now, Arcapita has invested primarily in US companies, none in the plastics industry.
21.08.2007 Plasteurope.com [208838]
Published on 21.08.2007
German version of this article...