NETHERLANDS - Carlyle could be sidelined in Stahl restructuring

Wendel's proposal, subject to approval by the Stahl's creditors, would consist of a EUR 60m equity injection used to pay the company's debt. If accepted Wendel's take in the business would increase to 90%. Carlyle is still in talks and could still be part of the restructuring.

Founded in 1930 and based in Waalwijk, Stahl Holding BV is a surface effects specialist, which provides a broad range of formulated products and services in both leather chemicals and non-leather high performance coatings, such as permuthane.

In July 2006, The Carlyle Group and Oranje-Nassau Groep (100% affiliate of France Wendel Investissement SA), acquried Stahl Holdings BV from Investcorp for approximately EUR 520m (including EUR 160m equity) with both parties investing equal amounts.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Restructuring
• Benelux