THE NETHERLANDS - PE eyes on Stork
PE firms are reportedly looking at delisting Netherlands-based conglomerate Stork. Press reports suggest KKR, Blackstone, Carlyle and CVC Capital Partners are looking at potentially buying the firm, which has a market cap of EUR 1.6bn.
The firm's two major shareholders are hedge funds Centaurus Capital and Paulson, which together own more than 20% of its shares.
Stork posted annual earnings before interest and tax of EUR 129m last year, up 23% from 2004, on turnover of EUR 1.8bn, which was 5% more than the year before.
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