The initial consideration, payable by Zenith on completion, will be settled through the issue of 6.7m new Zenith shares.
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Having also acquired majority stakes in packaging machine specialists FAWEMA and HDG in 2018, HQ Equita further strengthens TPG with WOLF’s acquisition.
Ivy was previously a Partner and China Desk Head at DFDL, Bangkok. Going forward, Ivy will be dividing her time between WFW’s Bangkok and Singapore offices.