Delta Capital, Daiwa invest $12.6m in Myanmar PET bottle recycler CPC

Photo by Eduardo Soares on Unsplash.

Myanmar-focused private equity firm Delta Capital Myanmar and Daiwa PI Partners have jointly invested $12.6 million in plastic bottles recycler Commercial Plastics Company (CPC).

The investment was made through Delta Capital’s Myanmar Opportunities Fund II and Daiwa PI’s  Daiwa Myanmar Growth Fund. This is Delta Capital’s first control deal as also Daiwa Myanmar Growth Fund’s maiden investment, per a joint announcement.

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