Reuters – Oaktree-backed Fusheng Buys ALMiG

Oaktree Capital Management-backed Fusheng Industrial has acquired German air compressor maker ALMiG Kompressoren GmbH, Fusheng and ALMiG said on Friday. The two firms did not disclose the terms of the deal. Global investment management firm Oaktree, teamed up with the founding Lee family to take Fusheng private in 2007, for a reported deal value of around $850 million.

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