Actis exits Chinese kitchen equipment maker to US trade buyer
Actis has sold its stakes in Chinese commercial kitchen equipment maker Vesta to Illinois Tool Works (ITW), a US industrial equipment manufacturer. Terms of the transaction were not disclosed.
Actis invested in Vesta in August last year, taking three of the five board seats and helping install a corporate governance system, among other things. "We are pleased to add Vesta to our global food...
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