Article Abstract:
The purchase of G.Cartier Industrie by the Pressac Group, based in the East Midlands, England, took around three months to complete and was finally agreed on Aug. 3, 1998. Pressac has been very pleased with their new acquisition and have already found some cross synergies to be beneficial. The deal was lead by the Nottingham, England, branch of Eversheds, Warburg Dillion Read and KPMG in Birmingham, England. The purchase was part of the global expansion plans of automobile parts supplier Pressac. The deal was worth a total of 80 million pounds sterling.
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Article Abstract:
Automotive component manufacturer SAIA-Burgess Electronics was considered by SBC Equity Partners to be a good buyout opportunity, with the company well positioned to profit from the growing market and improving European economy. The Royal Bank of Scotland (RBS) Acquisition Finance business backed the deal, with SBC Equity Partners teaming up with its strategic alliance partner Quadriga Capital Management of Frankfurt, Germany. A debt structure was developed by RBS following analysis of SAIA's potential earnings.
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The Carlyle Group's takeover of Canada's Tritech follows its acquisition of a 75% stake in German die-cast components maker Honsel for 179 million euro. The Carlyle Group aims to become the world's leading maker of castings.
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