# BMC Europe Fund I acquires German textiles manufacturer Cordenka for €240 million

BMC Europe Fund I, a Chinese-backed PE vehicle, has acquired German industrial textiles manufacturer Cordenka from Chequers Capital for €240 million ($274 million).

- Type: Acquisition
- Announced: 2023-11-08
- Where: Germany
- Value: $274.0M (240.0M EUR)
- Status: completed
- Capacity: 32,000 metric tons of industrial rayon yarns and 18,000 tons of dipped cord fabric annually
- Products: industrial rayon yarns, dipped cord fabric
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Chequers Capital](https://endata.com/companies/6237.md) (partner)
- [BMC Europe Fund I](https://endata.com/companies/73633.md) (acquirer)
- [Cordenka](https://endata.com/companies/73634.md) (target)

## Sources

- [avcj.com](https://www.avcj.com/avcj/news/3012639/chinese-gp-buys-germanys-cordenka-for-usd274m), 2023-11-08: "BMC is a new private equity fund specifically established to acquire exceptional European businesses like Cordenka with growth opportunities in China."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.