FountainVest acquires stake in LK Technology

China-focused private equity fund FountainVest acquires a minority interest in LK Technology, a China-based die casting manufacturer, for an outlay of up to $92.5 million.

Sameera Anand

January 27, 2011

FountainVest will invest up to HK$720 million ($92.5 million) in China-based LK Technology, the world’s largest manufacturer of die casting machines.

FountainVest is a private equity fund which raised around $1 billion in 2008. It focuses on investments in China and has offices in Shanghai and Hong Kong.

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