Heimdall Private Equity Partners to acquire a 49% stake in the Chinese chemical unit of Hanwha Solutions for $503m.

Heimdall Private Equity Partners, an independent financing advisory firm based in Wollerau, Switzerland, agreed to acquire a 49% stake in the Chinese chemical unit of Hanwha Solutions, a multinational energy services, petrochemical, and real estate development company, for $503m. Hanwha Solutions also may review an option to spin off the Chinese entity and list it to allow the private equity fund to recoup investment.