Lombard exits Thai paper group
The private equity firm Lombard Investments, Inc. has announced that it has sold its 23% holding in S.Pack & Print Public Company Limited, a Thai paper packaging manufacturer, to Oji Paper Company Limited, one of the largest paper production and packaging companies in Japan.
The trade sale brought Lombard a 3.5x return. According to a press release, the private equity firm facilitated a financial restructuring, a subsequent IPO, and further expansion and growth for the Thai...
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