Houlihan Lokey Advises Vetrerie Riunite Group

Houlihan Lokey is pleased to announce that Vetrerie Riunite Group (VR Group), an affiliate of Sun European Partners, LLP, has acquired a majority stake in Suizhong Minghui Industrial Technology Co., Ltd. (Minghui). The transaction closed in September 2021.

VR Group is the global leader in the production of washing machine windows and complements its technical glass division with high-quality glass tableware. Headquartered in Colognola ai Colli, Italy, VR Group exports more than 30 million pieces of washing machine windows per annum to all leading washing machine OEMs.

Sun European Partners is the European adviser to U.S.-based Sun Capital Partners, Inc. (Sun Capital). Sun Capital is a global private equity firm focused on the business services, consumer, healthcare, industrial, and technology sectors. Since 1995, Sun Capital has invested in more than 425 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures.

Founded in 2009 and headquartered in Suizhong County, Liaoning Province, Minghui is one of China’s largest manufacturers of washing machine windows. The company has established long-term business relationships with China’s leading home appliance customers and enjoys an excellent reputation in the market thanks to its high-quality products.

Houlihan Lokey served as the exclusive financial advisor to VR Group. The transaction will significantly expand VR Group's presence in China and improve its ability to serve Chinese customers, as well as further strengthen its leadership in the industry, and position VR Group as one of the few truly global manufacturers of washing machine windows.