European PE Firm Pays $52 Million for Clyde Process Solutions

UK-based Clyde Process Solutions agreed to be acquired by European private equity firm IK Investment Partners for 33.3 million pounds ($51.8 million), Reuters reported. The cash offer represents a 13.8% premium over the company’s closing price Tuesday, Reuters said. Clyde Process Solutions produces technology to process raw materials used in the production of commodities such as metals, cement, chemicals and ethanol.

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