Bahrain-based investment firm Arcapita has sold its U.S. sports gear maker Yakima to Taiwan's Kemflo International according to the Reuters. It is its second private equity exit in the United States in five months.
"It has been bought by one of its suppliers, who is trying to expand vertically," an Arcapita spokesman told Reuters. The spokesman declined to provide a value for the sale of the company, which it had bought out in 2001 for about $90 million. Arcapita sold fast-food chain Church's Chicken to U.S. private equity firm Friedman Fleischer & Lowe in August 2009. It has $8 billion under management according to its 2009 annual report.
Arcapita is listed in the Middle East Investors Directory with the code OR07.
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