UBS sticks to original Budget

Article Abstract:

UBS Capital made a majority investment into Budget Rent a Car operation in Benelux and Finland. The Belgian company Alcopa invested in the deal by forming a partnership with UBS Capital, which will open up the Belgian markets. The management team also invested in the deal. The transaction included acquisition funding worth 40 million pounds sterling and 240 million pounds sterling for debt rearrangement and working capital. The initial cost of the purchase was agreed in Jul 1998 and was honoured by UBS despite the economic downturn in the second half of 1998.

Automobile Rent & Lease, Passenger Car Rental and Leasing, Automotive Rentals, No Drivers, Automobile lease and rental industry, Car leasing, Car rental, UBS Capital, Alcopa, Budget Rent a Car (Benlux and Finland)

---

Looking to Grohe brand in the US

Article Abstract:

BC Partners' completion of the leveraged buyout (LBO) of German sanitary equipment supplier Friedrich Grohe is one of Europe's largest LBOs so far in 1999. In a tussle which went to the wire, America's Kohlberge Kravis Roberts (KKH) was expected to edge out trade rival and plumbing supplier Kohler, but BC Partners ultimately seized the prize, which follows its $844 million buyout of Irish drinks distributor Cantrell & Cochrane.

Investment Offices, Investment Companies, Open-End Investment Funds, Vitreous plumbing fixtures, Vitreous China Plumbing Fixture and China and Earthenware Bathroom Accessories Manufacturing, Management, Plumbing industry, Leveraged buyouts, BC Partners, Friedrich Grohe, Ceramic plumbing fixtures

---

Thales sells instruments division

Article Abstract:

France-based Thales has sold Slough-based Thales Instruments, a maker of air defense data communications equipment, to an investor group that includes JF Lehman and Co, a U,S. private equity firm, and Thomas Weisel Capital Partners, a US. fund, for US$123.9 million.

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing, Electronic Search & Detect Eqp, Thales S.A., Detection equipment, Military electronics industry, Thomas Weisel Partners L.L.C., Thales Instruments, JF Lehman and Co.

Similar abstracts:

• Abstracts: Back to budgets. Investing in growth. Red tape and blue sparks
• Abstracts: A panda breaks the formation. Soaking the rich
• Abstracts: Paul Livingstone Tito Omukuba. Looking for a Tolstoy: AIDS and the arts. The war and peace of AIDS
• Abstracts: A commercial and constructive approach. Looking further than the deal
• Abstracts: Treason of the intellectuals? Getting to grips with evil

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.