CVC in talks to buy EQT Ginko China unit
CVC Capital Partners is in final negotiations to purchase EQT-owned Ginko China in a deal valued up to 800 million dollars. The contact lens maker previously agreed to a sale that ultimately fell through last year.
Insights:
CVC Capital Partners entered final talks to acquire the mainland China business of contact lens maker Ginko International in a deal valued between $700 million and $800 million. The transaction includes debt, according to four people with knowledge of the matter. EQT previously targeted at least $1 billion for the asset.
