KRG Capital Agrees to Sell the Tensar Corporation; Transaction with Arcapita Inc. Affiliate Valued at $385 Million.DENVER -- Denver-based private equity firm KRG KRG Kurdistan Regional Government KRG Key Resource Group (Los Angeles, California) KRG Killology Research Group KRG Knoxville Repeater Group Capital Partners ("KRG") agrees to sell The Tensar Corporation ("Tensar") to an affiliate of an Atlanta-based private equity firm Arcapita Inc. ("Arcapita"). The transaction is valued at approximately $385 million and is expected to close by the end of October. Closing of the transaction is subject to customary closing conditions. Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. served as the exclusive financial advisor to KRG and Tensar. About The Tensar Corporation The Tensar Corporation, headquartered in Atlanta, is a leading provider of technology-driven site solutions for the cost-effective site development of commercial, residential, industrial and municipal properties as well as transportation and environmental infrastructure. It is the parent company of several wholly-owned, market-leading subsidiaries including Tensar Earth Technologies, Geopier Foundation Company, North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Green and Tensar Polytechnologies. Its solutions are based on advanced soil reinforcement reinforcement /re·in·force·ment/ (-in-fors´ment) in behavioral science, the presentation of a stimulus following a response that increases the frequency of subsequent responses, whether positive to desirable events, or technologies that incorporate high performance proprietary products such as Tensar(R) Geogrids, Geopier(R)Rammed Aggregate Piers This article contains a list of piers throughout the world. Australia
About KRG Founded in 1996, KRG currently has approximately $1.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . KRG specializes in acquiring and recapitalizing unique and profitable middle-market companies. The firm seeks investment opportunities for its partners in which KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. Since inception, KRG has invested in 21 "platform companies" and has completed 59 add-on acquisitions for those platforms. More information on KRG is available online at www.krgcapital.com. About Arcapita Arcapita is a global investment group with offices in Atlanta, London and Bahrain. Arcapita's main lines of business include corporate investment (private equity), real estate investment and asset based investment. Arcapita's corporate investment line of business (formerly Crescent crescent, emblematic representation of the quarter moon. The crescent and star, ancient Byzantine symbols that became the emblems of Constantinople, were also assumed as the standard of the Ottoman Turks. Capital) was founded in 1997 and operates out of Atlanta and London. Since 1998, Arcapita's corporate investment professionals have arranged for the investment of more than $1 billion in 17 completed or pending transactions with an aggregate enterprise value of over $2 billion. More information on Arcapita is available online at www.arcapita.com. |
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