Reuters – Oaktree-backed Fusheng Buys ALMiG

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. Global investment management firm Oaktree, teamed up with the founding Lee family to take Fusheng private in 2007, for a reported deal value of around $850 million.

(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.