Mubasher: Bahrain-based Seera Investment Bank has sold Denmark’s Kosan Crisplant to a strategic investor in the region for 424 million Danish Krone (over $60 million).

Kosan supplies equipment, plants and systems for filling and maintenance of LPG cylinders and offers after-sales and engineering services, facility management, and supply of components for the gas industry.

Seera’s Chairman Hamad Al Ameeri said the exit further reinforced Seera’s track record and credibility as a private equity investment manager working with its investee companies in the most challenging times to turn it around and position it for a sustainable growth.