Investcorp Nets $655M In Sale Of Armacell To Charterhouse

Law360, New York (April 30, 2013, 2:19 PM EDT) -- Bahraini investment firm Investcorp SA said Tuesday it has sold its German insulation manufacturer Armacell Enterprise GmbH to Charterhouse Capital Partners for more than €500 million ($655 million).

Investcorp bought Armacell in 2007 for €400 million and has since expanded the company's market, operating 19 manufacturing facilities in 13 countries and shipping to 30 countries around the world, according to the company.

"By focusing on the development of new technologies and extending its geographic footprint, around 60 percent of Armacell's group sales now come from outside...
To view the full article, register now.