|
|
Article: United States: BC Partners Completes Migros Turk Buyout.
- Article from:
- TendersInfo
- Article date:
- June 4, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: sander03
BC Partners has completed its acquisition of a 50.8% stake in Migros Turk TAS, Turkey's largest supermarket chain. The deal values Migros at around $3.2 billion, which makes it the largest leveraged buyout ever for a Turkish company. BC plans to acquire the remaining shares via a tender offer. Minority investors on the deal include Turkven Private Equity and DeA Capital.
Funds advised by BC Partners have completed the acquisition of 50.8 % of Migros T?S.A., Turkey's largest supermarket chain, from Koc Holding, representing a market cap of YTL3.8 billion ($3.15 billion). A tender offer for the remaining shares, which are listed on the ...