Manufacturing Industry
CANDOVER INVESTMENTS PLC - Statement re Wood Mackenzie Investments Limited.
PR Newswire UK Disclose, June, 2009
Candover sells Wood Mackenzie
Candover Investments plc ("Candover") announces that its wholly owned
subsidiary, Candover Partners Limited, has today agreed the sale of Wood
Mackenzie, to Charterhouse Capital Partners for an enterprise value of [pounds sterling]553
million.
The sale will generate proceeds of [pounds sterling]36.2 million in total for Candover. This
comprises cash proceeds now of [pounds sterling]19.6 million, with the potential for further
proceeds of [pounds sterling]1.9 million under a deferred consideration scheme; and an
additional cash payment of [pounds sterling]16.7 million as a result of the crystallisation of
carried interest payments from the Candover 2001 Fund. As a consequence,
Candover Investments will revalue its carried interest...
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