EQT to acquire Select Service Partner from Compass.STOCKHOLM, Sweden -- The EQT EQT Environmental Qualification Test EQT Engine Qualification Test EQT Engineering Qualification Testing EQT Equatorial Crossing Time EQT Emotional Quotient Theory EQT Engineer Qualification Tables IV fund ("EQT") is pleased to announce that it has signed an agreement with Compass Group PLC ("Compass") to acquire Select Service Partner (excluding its UK motorways business, "Moto"), and Compass' US travel concessions business Creative Host Services ("CHS (Cylinder Head Sector) An earlier method of addressing a hard disk by referencing all three physical elements of the drive. It was superseded by logical block addressing (see LBA). "), (together, "SSP (1) (Service Switching Point) The local exchange node in an SS7 telephone network. The SSP can be part of the voice switch or in a separate computer connected to it. "). Formed in 1961 as SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. Catering, a division of SAS Airline Group, SSP was acquired by UK-based Compass in 1993. SSP operates catering and retail units in over 600 sites, primarily airports and railway stations, across 26 countries. The company is the leading food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. travel concession catering operator in Europe with market leading positions in the UK, Nordic region, France and Germany, and has a strong position in the US. SSP comprises well-known in-house brands such as Caffe Ritazza, Upper Crust, Whistlestop, Harry Ramsden and a number of internationally recognised franchised brands. In the financial year ended September 2005, SSP generated revenues of GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1,077m. EQT, with a strong track record of fostering growth and value creation in the 41 companies that it has invested in over the last 11 years, intends to support SSP's future growth and expansion plans. Jan Stahlberg, Senior Partner of EQT Partners, said: "We are delighted to be the new owner of SSP. SSP has a strong management team and it operates in an attractive market, with increasing levels of passenger growth globally, in both air and rail. The company fits with EQT's strategy to invest in companies of high quality and with substantial growth and development potential. We at EQT believe that we are well suited to assist SSP realise its full potential". The Moto business is sold to a consortium led by Macquarie Bank. EQT and the Macquarie consortium will work closely together to facilitate the separation of the Moto business from SSP. The acquisition is subject to approval from relevant competition authorities and approval of Compass shareholders. Dresdner Kleinwort Wasserstein acted as financial adviser to EQT in this transaction. EQT is a group of private equity funds that manages approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 6 billion in equity in 8 funds. EQT Partners, acting as investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to all EQT funds, has offices in Stockholm, Copenhagen, Helsinki, Frankfurt and Munich. EQT realises its business concept by acquiring and developing high-quality medium sized companies in Northern Europe. EQT serves as an active owner and works in close co-operation with the management of the companies it acquires, to develop and implement value-enhancing strategies. In total EQT has invested in 41 companies, with sales of approximately EUR 18 billion. This information was brought to you by Waymaker http://www.waymaker.net |
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