Morgan Stanley PE buys stake in Tianhe Chemicals $300 million

Morgan Stanley PE buys stake in Tianhe Chemicals for $300 million

4:23 AM, 26th March 2012
Morgan Stanley PE buys stake in Tianhe Chemicals for $300 million
Morgan Stanley office in New York.

NEW YORK, US: Morgan Stanley’s has invested $300 million to acquire a stake in Tianhe Chemicals Group, a China based specialty chemical company. Morgan Stanley’s private equity arm would take a minority stake in Tianhe Chemicals. As part of the deal, Homer Sun, Chief Investment Officer, Morgan Stanley will join Tianhe’s board. Morgan Stanley Private Equity Asia has invested about $2.4 billion in Asia, primarily in highly structured minority investments and control buyouts.

© Reuters News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Dow plans new coatings facility in Saudi Arabia

RIYADH, SAUDI ARABIA: The Dow Chemical Company plans to invest in a new manufacturing facility for its Dow Coating Materials business unit in the King ...

Read more
Indofil, Shanghai Baijin JV for green energy plant in India

MUMBAI, INDIA: Indofil Industries, a K K Modi Group company, has entered in a joint venture with Chinese company Shanghai Baijin Chemical Group for ma ...

Read more
China to investigate TDI from EU and resorcinol from Japan, US

BEIJING, CHINA: The Ministry of Commerce of China, on March 23, said it is deciding to launch an anti-dumping investigation on imports of toluene diis ...

Read more
DSM acquires food enzymes business and key technology from Verenium

HEERLEN, THE NETHERLANDS: Royal DSM NV and Verenium have signed definitive agreements for a total consideration including transaction and related expe ...

Read more
Jacobs bags Teck’s acid plant contract in Canada

PASADENA, US: Jacobs Engineering Group received a contract from Teck Metals Ltd to design and supply a new sulfuric acid plant for its Trail operation ...

Read more
SGL to acquire Portuguese acrylic fibre maker for €25 million

WIESBADEN, GERMANY: SGL Group has signed a contract to acquire an 86 per cent stake in Portuguese company Fisipe – Fibras Sinteticas de Portugal ...

Read more