Trustar Capital, a private equity (PE) affiliate of Chinese alternative investment firm CITIC Capital Holdings Ltd, said on Thursday that it has completed the sale of Moritex Corporation to Nasdaq-listed Cognex Corporation, a major provider of machine vision products and solutions.

The sale marks the tenth exit for Trustar Capital Japan Partners, which was founded in 2004 and targets management buyouts of middle-market Japanese companies with strong China growth prospects, according to its website. 

In a separate announcement on Wednesday Cognex said that the acquisition of Moritex was sealed at a price of around 40 billion yen ($275 million), adding that the purchase will be funded from the firm’s existing cash and investments.

The sale comes over eight years after Trustar Capital’s investment in Moritex in January 2015.

Founded in 1973, Kanagawa, Japan-based Moritex, engages in the development, manufacturing, and sales of machine vision systems such as high-spec lenses and lighting for industrial use, as well as medical and cosmetic equipment.

Previously known as CITIC Capital Partners, Trustar Capital, which targets control buyout opportunities globally, currently manages $8.6 billion of committed capital.