Packaged up for success

Article Abstract:

The merger of the food can, steel aerosol and general packaging units of Schmalbach-Lubeca and Pechiney to create Impress Metal Packaging in May 1997 was one of the most complex leveraged buyouts undertaken so far in continental Europe. It took six months to proceed from the letter of intent to the financial and legal closing, and Doughty Hanson, owner of 55% of the new entity, held regular steering committee meetings in order to ensure that all parties involved remain informed of progress. It was necessary to undertake extensive confirmatory due diligence to secure financing.

Metal Cans and Shipping Containers, Metal Cans & Shipping Containers, Metal Can, Box, and Other Metal Container (Light Gauge) Manufacturing, Packaging industry, Leveraged buyouts, Pechiney S.A., Schmalbach-Lubeca AG, Impress Metal Packaging Holding B.V.

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HSBCPE becomes first port of call

Article Abstract:

The 77.5 million pounds sterling institutional buyout of Harwich International Port from Stena Line AB was led and arranged by HSBC Private Equity (HSBCPE), which has already made a number of other port investments. HSBCPE's experience in the transport sector allowed it to be fully aware of Stena Line's expectations, and this ensured that a formal offer could be made quickly. HSBCPE drew up an incentive package for management once the deal had been agreed with Stena.

Contracts, HSBC Private Equity, Stena Line AB, Harwich International Port

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South Korea and India begin arduous port reforms

Article Abstract:

South Korea and India are starting to reform their respective port systems in an attempt to facilitate international trade and boost the competitiveness of their respective facilities. South Korean ports are to be privatized which will hopefully trigger competition, revitalize the workforce and improve efficiency. The Indian government meanwhile, is negotiating possible reforms in its port system and encouraging construction companies to invest in infrastructure.

Regulation and Administration of Transportation Programs, Transportation Programs, South Korea, India, Transportation policy

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