PE firm Ascendent backs $197m take-private offer for China Automation

PE firm Ascendent backs $197m take-private offer for China Automation

Photographer: Justin Chin/Bloomberg

Greater China-focused PE firm Ascendent Capital Partners is backing an HK$1.5 billion ($197 million) offer to take Hong Kong-based safety and control systems provider China Automation Group private.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter