Sun Capital sells US-based Lexington Home Brands to Chinese buyers
Sun Capital Partners has exited Lexington Home Brands, a US-based manufacturer of residential and contract furnishings, to Shenzhen-listed Luolai Lifestyle Technology and Chinese PE firm Yixing Capital.
Financial terms were not disclosed, but the Chinese listed company revealed in a filing in November that the transaction value would not exceed $81.45 million. The two buyers formed a joint investment...
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