BMC Europe Fund I, a private equity fund managed by Beautiful Mind Investment Management, agreed to acquire Cordenka, a Germany-based company that produces and markets industrial rayon filament yarns, from Chequers Capital, a private equity firm, for $267m. “BMC is a new private equity fund specifically established to acquire exceptional European businesses like Cordenka with growth opportunities in China. Together with Mr Karl Hammer and his team, we have developed an action plan to support Cordenka through our network and access in Shanghai. We look forward to developing our partnership over the coming years,” Xinya Vivian Wang and Sebastian Grigg, BMC Partners.