CDC's Porterbrook exit comes 'out of the blue.' (Charterhouse Development Capital sells Porterbook to Stagecoach)

Article Abstract:

Stagecoach has purchased Porterbrook from Charterhouse Development Capital in an 825 million pounds sterling deal made up of half cash and half Stagecoach equity. The deal has been extremely profitable for Charterhouse, which purchased Porterbrook for 75 million pounds sterling and owned if for only seven months. Stagecoach shareholders are likely to question why the company did not purchase Porterbrook when it was sold by the UK government in 1995.

Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing, Rental of railroad cars, Railroad Car Leasing & Repair, Stagecoach Group PLC, Charterhouse Development Capital Ltd., Porterbrook Leasing

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CCF claims full stake after BHF Charterhouse sale

Article Abstract:

Credit Commerciale de France (CCF) has increased its share of Charterhouse BHF to 90% after purchasing BHF Bank's 50% shareholding in Jan 1998. BHF is hoping the purchase will improve its German market position, especially within the Mittlestand firms, which are predicted to increase merger and acquisitions activities during 1998. BHF is also hoping to strengthen its finance sector and expand into advising the European automotive market.

Commercial Banks, Commercial Banking, Mergers & Acquisitions, Banking industry, Credit Commercial de France S.A., Berliner Handels-und Frankfurter Bank, Charterhouse Group International Inc.

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Charterhouse new recruit makes his mark

Article Abstract:

The deal which will see Duracell purchasing Eveready South Africa from Hanson for $135 million was arranged by Oliver Ellingham, who has only recently begun working for Charterhouse. He identified the possibility of a deal following an announcement by Hanson earlier in 1996 that it planned demergers. The arrangements were not hampered by the fact that Charterhouse has no operations in South Africa.

Primary Battery Manufacturing, Primary batteries, dry and wet, Primary Batteries, Contracts, Hanson Group Ltd., Charterhouse PLC, Eveready South Africa, Duracell Holdings Corp.

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