Shaw Kwei & Partners Invest $40M In Germany’s Schmid Group
Wednesday, October 15, 2014
(China Money Network by staff writer) – Asian private equity manager Shaw Kwei & Partners has invested US$40 million in Germany's Schmid Group through the purchase of Schmid's convertible bonds, according to a company announcement.
No other details of the investment were disclosed.
Schmid says it will use the proceeds for expanding its business in Germany and China to meet rising customer orders.
