cvc-buys-taiwanese-curtain-maker

CVC buys Taiwanese curtain maker

Buoyed by Oaktree's success with the Fu Sheng deal, CVC launches a $549 million bid to privatise Taiwanese curtain manufacturer Nien Made.
In Taiwan's latest private equity buyout, CVC Capital Partners Asia-Pacific has agreed to pay NT$18 billion $549 million for curtain and blind maker, Nien Made Enterprises.

CVC will pay NT$41.28 a share for full ownership of the company, Nien Made said in a statement to the Taiwan stock exchange. The price represents a 13.6% premium over Monday's closing price of NT$36.35.

But it isn't certain how long this premium will prevail. On Tuesday, investors responded positively to the news of CVC's bid by pushing the share price up by 7% to touch NT$38.85. At Tuesday's price, the premium being offered by CVC drops to just 6.25%.

The offer is contingent...
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