CLSA Capital Partners backs Chinese spandex producer
CLSA Capital Partners has purchased a minority stake in Artex Fiber, one of China’s largest spandex producers. The RMB250 million ($39.5 million) investment was made through ARIA Investment Partners III, a $333 million vehicle that focuses on growth and expansion capital deals.
Artex Fiber was founded by Dai Yefei, formerly the chief distributor in China for Bayer AG's Dorlastan spandex brand. The specialty fiber, known for its elasticity, has a variety of consumer, lifestyle...
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