November 30, 2012 / 8:06 AM / 5 years ago

Oaktree-backed Fusheng buys German air compressor maker ALMiG

HONG KONG, Nov 30 (Reuters) - 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.

Taiwan-based Fusheng is Greater China’s biggest maker of industrial air compressors, while ALMiG is a specialist in energy-efficient and oil-free industrial air compressors with an 80-year history in Europe.

Global investment management firm Oaktree, with $81 billion in assets under management at the end of September, 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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