News from Notch Consulting, Inc.

April 7, 2011

Reuters: Triton Capital and Rhone Group are sole bidders for Evonik Carbon Black

Filed under: Carbon Black — Notch @ 3:32 pm

On Tuesday, Reuters reported that financial investors Triton Capital and Rhone Group remain the sole bidders for the Carbon Black unit of German chemical maker Evonik, citing two people familiar with the transaction.

The deal is expected to be signed within the next ten days and will probably value the unit at about 1 billion euros ($1.42 billion) including assumed debt, the sources also said on Tuesday.

The financing of Carbon Black acquisition is set to follow a recent trend of using high-yield bonds rather than loans in leveraged buyouts, sources close to the deal told Reuters last month.

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: