Neovia Strategies LLC, a logistics solutions supplier
supported by professional gear conglomerate Caterpillar Inc. is researching a
deal that may benefit the corporation at more than $1-billion, based on
individuals knowledgeable with the issue. Neovia has recruited investment bank
UBS AG to operate an auction for the corporation and is getting ready to
contact prospective customers, the individuals said, requesting not to be
identified because the issue isn't community.
A deal of Neovia might come only two years after
private-equity firm Platinum Equity LLC obtained a 65% position in the
corporation from Caterpillar, departing the commercial conglomerate with a 35%
percent interest. Platinum stated at some time the total trade was worth about
$750 zillion. Macquarie Group Ltd, which funded the offer, stated on its web
site at the moment that it displayed the greatest worldwide strategies offer
since 2008.
Neovia
operates a third party strategies company that assists corporations reduce
their submission charges in industries including auto and exploration to
electronic equipment and health care. The Downers Grove, Illinois based
business has over 90 services in 25 countries, in accordance with Platinum
Collateral's web site. Platinum Equity has dropped no time-taking money from
the corporation since getting it over in September 2012, including $125 zillion
to its debt stack in Feb 2013 to fund dividend.
No comments:
Post a Comment