The European Commission has approved the acquisition of contract manufacturer Interplex and its five sites in Europe by US asset management giant Blackstone.
It was owned by Baring Private Equity Asia (BPEA), having been bought from CVC capital Partners for US$320m in 2015 which took the company private. The current deal is expected to be worth around $1bn and the Commission was notified of the deal at the start of December 2021.
The Commission concluded that the proposed acquisition would raise no competition concerns as Blackstone and Interplex are not active on the same or closely related markets.
Read more/Source: EE News
