Cognetas reportedly puts three German firms up for sale.
British private equity firm Cognetas has put three German companies on the block as it aims to close a EUR1bn (USD1.4bn) fund, raised in 2001, Reuters said citing sources with knowledge of the matter.
The buyout firm has appointed US investment bank Jefferies (NYSE:JEF) to sell car parts producer KSM Castings, the informed people told Reuters. Meanwhile, the company has hired Macquarie (ASX:MQG) to seek buyers for pond equipment maker Oase and Rothschild to sell advertising agency Commarco, the insiders added.
KSM's sale could raise about EUR300m, two of the sources said.
Cognetas did not provide any comment.Country: Germany, Sector: Advertising/PR, Machinery/Engineering, Motor VehiclesTarget: Oase, KSM Castings, CommarcoVendor: Cognetas LLPType: DivestmentStatus: Auction
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|Publication:||M & A Navigator|
|Date:||Jan 25, 2011|
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