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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE BS Private Equity to exit investment in Radici Film24/04/2008. Source: AltAssets. 
Italian private equity firm BS Private Equity and Centrobanca have agreed to sell 100 per cent of European plastic films supplier Radici Film to Dubai-headquartered Taghleef Industries. Terms of the transaction were not disclosed, but sources close to the deal said the deal was worth around €200m. BS Private Equity and Centrobanca expect to make about two times their money. Radici Film supplies plastic films to the food and non-food packaging markets. The company has two production sites, in Italy and Hungary, employing 460 people. In 2007 Radici Film reported revenues in excess of €190m, according to a statement.
BS Private Equity and Centrobanca backed the MBO of Radici Film in 2003, taking a 48 per cent stake in the company.
BS Private Equity invests in manufacturing and service companies. Earlier this year, the firm agreed to sell security and surveillance business Sicurglobal.
Copyright © 2008 AltAssets
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