News of the impending deal was initially made public in January and it was confirmed this week. Chief executive Peter Sewell said that the new owners, European private equity business Cinven, had a wide network around the world that would help the Jersey company to grow.
‘For example, they have an office in Hong Kong and that will be useful to help us penetrate into China. We are trying to gain a greater foothold there,’ he said.
Mr Sewell said that the size and resources of the new owners would also give CPA the opportunity to invest and make acquisitions.
Full story in Wednesday’s JEP
