Affinity exits Loscam - to China Merchants
Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.
The actual return to Affinity has not been disclosed, but widely-credited reports suggest a final sale figure in the A$650-750 million ($548-632 million) range. CHAMP Private Equity and Pacific Equity...
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