Lincoln International Represents Zhejiang R.G.B Textile Printing and Dyeing in the Sale to Actis
This represents the 2nd transaction Lincoln International has completed in 2016 for entrepreneurial-owned businesses in China. This also marks the 5th China related transaction in 2016, including the sale of 2 China-based companies to global and domestic investors and the sale of 3 European and US companies to Chinese strategic investors.
BEIJING, Oct. 24, 2016 /PRNewswire/ -- Lincoln International ("Lincoln"), a leading global mid-market investment bank, is pleased to announce that Zhejiang R.G.B Textile Printing and Dyeing Co., LTD ("RGB" or the "Company") has completed the sale of a majority stake to Actis. Terms of the transaction were not disclosed.
RGB is a specialized textile fabric company in China. The Company was founded in 2004 by husband and wife team, Victor Chen and the current CEO, Christina Sheng. RGB's fabrics are now sold in over 80 countries through a network of distributors. The Company is one of the global leaders in providing women's specialized fabric in Middle East and Africa markets. Unlike many competitors, who are primarily engaged in processing and have limited design capabilities, RGB is distinguished for its strong in-house design capability, with over 90% of sales from patterns designed in-house.
Max Lin, a Director in the Private Equity business at Actis, said, "RGB is an enormously exciting opportunity. China has long been the world leader in exporting fabrics and we believe that RGB has a differentiated offering with strong capabilities which will help it grow into untapped markets."
Christina Sheng, CEO of RGB, said, "Actis has a great track record of investing alongside businesses like ours. Together we will focus on identifying opportunities for growth and making them happen."
Lincoln acted as the exclusive financial advisor to RGB and its shareholders. Lincoln worked closely with the shareholders and the management team throughout the sale process by providing M&A advisory expertise, preparing marketing materials and data room, contacting and coordinating with both international and domestic investors, advising on negotiations and supporting the process, including regulatory approvals, until the closing of the transaction.
For more information on our Global Industrials Group Leadership Team, please visit www.lincolninternational.com/industries/industrials
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With seventeen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
More information about Lincoln International can be obtained at www.lincolninternational.com
Media Contact: Heidi Becker
[email protected]
(312) 506-2739
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SOURCE Lincoln International LLC
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