Published: October 20, 2011
Private equity firm buys 29% of laboratory equipment firm.
CapMan, a Nordics and Russia-focused private equity firm, has bought 29% of Lumex Instruments, a St Petersburg-based laboratory analytical equipment manufacturer, for an undisclosed sum.
The firm, through its CapMan Russia subsidiary, intends to expand its shareholding to 44% next year. The founding shareholders keep the remaining shares.
Lumex develops and manufactures analytical instruments, which are used in a range of industries including science and industrial.
CapMan Russia will work with Lumex to develop its distribution and marketing operations as well as continuing its international expansion, which so far includes the CIS, China, the EU, the US and Canada.