Tortuous process justified by the result
Article Abstract:
The purchase of Vianova Resins by Morgan Grenfell private equity was a very complicated deal due to the various locations of company buildings, the sale of Herberts a major customer of Vianova, and the unpredicable financial markets. Vianova had operating profits of 77 million deutschmarks in 1977. Herberts was also sold at a later date to DuPont. Hoechst was selling the two businesses as part of a major restructuring exercise due to a decline in profits, to a forecasted 900 million deutschmarks in 1999, from 2 billion deutschmarks in 1996. MGPE planned to support the management in the deal.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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Goldman Sachs
Article Abstract:
The leveraged finance team of Goldman Sachs has raised more than $50 billion in bond, bank and mezzanine financing since 1997. The team includes 30 bankers in the UK, with a further 100 in the US and claims to offer one-stop-shopping by using a variety of resources available at Goldman Sachs. Notable deals include the acquisition of United & Provincial newspapers by Regional Independent Media.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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