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Viterra Energy Services. (Done Deals).


Viterra Energy Services, an NSC NSC
abbr.
National Security Council

Noun 1. NSC - a committee in the executive branch of government that advises the president on foreign and military and national security; supervises the Central Intelligence Agency
 member and wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of German real estate company Viterra AG Group, announced in April its sale to British investment company CVC Capital Partners CVC Capital Partners is a European private equity firm. CVC was founded in 1981 as the European private equity arm of Citigroup, but after a buyout in 1993 it is owned by its management. In 1999, CVC established CVC Asia Pacific, which is a joint venture with Citigroup. , a leading private equity firm that manages over $9.5 billion in equity capital in Europe and operates in 25 countries.

The sale is subject to approval by the Supervisory Boards and the Federal Cartel Office.

Viterra Energy Services provides for the consumption-dependent metering and billing of energy and water, providing integrated metering products and services to more than 10 million homes. Viterra Energy Services' U.S. headquarters is in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  and the company has regional offices nationwide.

CVC Capital Partners is acquiring Viterra Energy Services with a retroactive Having reference to things that happened in the past, prior to the occurrence of the act in question.

A retroactive or retrospective law is one that takes away or impairs vested rights acquired under existing laws, creates new obligations, imposes new duties, or attaches a
 effect from Jan. 1, 2003, at a purchase price of roughly $1 billion, including liabilities of approximately $92 million.

CVC Capital Partners is an independent multinational equity firm with a local European network of 11 offices. It was founded in 1981.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Units
Geographic Code:4EUUK
Date:Jun 1, 2003
Words:161
Previous Article:Award winners. (Industry Insider).
Next Article:Lane Company. (Done Deals).



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