CapMan Buys 29% Stake In Russian Lab Instrument Co.

Law360, New York (October 12, 2011, 6:17 PM EDT) -- The Russian unit of private equity fund CapMan PLC said Tuesday that it had bought a 29 percent stake in Lumex Instruments, a maker of tools used in scientific and industrial laboratories, with plans to speed up the company's global expansion.

CapMan Russia will seek next year to boost its total stake to 44 percent in Lumex, which expects to have sales of over €11 million ($15.2 million) in 2011, according to a statement. CapMan did not provide the amount of the investment and did not immediately respond to requests for comment Wednesday....
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