CVC Capital Buys Ahlsell For EUR1.8 Billion From Cinven, Goldman Sachs

Date : 02/29/2012 @ 2:07AM
Source : Dow Jones News
Stock : Cablevision Systems Corp. Class A (CVC)
Quote : 34.87  0.0 (0.00%) @ 2:05AM

CVC Capital Buys Ahlsell For EUR1.8 Billion From Cinven, Goldman Sachs

Cablevision System (NYSE:CVC)
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Funds advised by Private equity and investment advisory firm CVC Capital Partners Wednesday announce the EUR1.8 billion acquisition of Ahlsell, a Nordic technical products wholesaler from Cinven and Goldman Sachs Capital Partners.

MAIN FACTS:

-Transaction marks the successful completion of exclusive talks between these parties.

-Ahlsell has over 220 outlets in Sweden, Norway, Finland, Denmark, Estonia and Russia.

-Company specializes in providing professional users with a wide range of goods and peripheral services within the heating & plumbing, electrical, tools & machinery, refrigeration and DIY product space.

-In 2011, Ahlsell reported revenues of EUR2.3 billion

-Completion of the transaction is subject to customary competition clearances.

-CVC was advised by Deutsche Bank, Roschier, Freshfields, KPMG and BCG.

-Financing was led by Nordea, Deutsche Bank, Goldman Sachs, Barclays Capital, DNB Nor and Danske Bank.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com




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