Bridgepoint sale of Rodenstock collapses
Bridgepoint’s sale of German eyeglass maker Rodenstock has collapsed, according to reports.
The private equity investor was in talks with Trilantic, formerly the private equity arm of Lehman Brothers, over the sale of the firm, but it is thought these have now ended.
Trilantic is rumoured to have been opposed to high bank fees and the amount of control demanded by creditors. Rodenstock has a debt pile of around €300m.
It is thought Bridgepoint will now begin debt restructuring negotiations with Rodenstock's lenders.
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