CITIC Capital Partners Exits King Koil in Sale to Advent International (Asia)

Source: CITIC Capital Partners

CITIC Capital Partners, the China-focused private equity arm of CITIC Capital, has completed the sale of its controlling stake in China-based mattress manufacturer and retailer King Koil Shanghai Sleep System to global private equity firm Advent International. CITIC Capital Partners originally acquired the company in June 2014 through CITIC Capital China Partners II. Financial details of the transaction were not disclosed.