ABC Money
Home

Blackstone group acquires controlling interest in RGIS Holdings


Published : Thu, 22 Mar 2007 18:20
By : Agencies
Print this Story

AddThis Social Bookmark Button

LONDON (AFX) - RGIS Holdings LLC, the world's largest inventory and retail services company, said that an affiliate of The Blackstone Group has agreed to purchase a controlling interest in the company. The terms of the transaction were not disclosed.

The company said the current RGIS ownership group will retain a significant stake in RGIS post-close. Goldman, Sachs & Co. has committed to provide bank debt and mezzanine financing.

RGIS said the transaction is subject to the satisfaction of the customary conditions, and is expected to close in the first half of 2007.

newsdesk@afxnews.com

rw

COPYRIGHT

Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited

Share on


 You Might Like
Mergers and acquisitions highlights to 15:50 GMT
Vodafone may sell its Bharti stake if it swings Hutchison Essar deal - report
+
China's Legend investment arm to invest in China pharmaceutical group - report
Report: Blackstone could file for IPO

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
9908.39
-103.84 ( -1.04 %)
NASDAQ
2126.05
-15.07 ( -0.70 %)
FTSE 100
5118.08
+25.75 ( 0.51 %)

SYMBOL ( 2010-02-09 )
LAST
CHANGE
RIO TINTO ( 7:40am )
3185.00
+119.50 ( 3.87 %)
VEDANTA RESOURCES ( 7:40am )
2391.00
+64.00 ( 2.74 %)
ASTRAZENECA ( 7:40am )
2840.00
+60.00 ( 2.15 %)
ANGLO AMERICAN ( 7:40am )
2381.50
+56.00 ( 2.39 %)
XSTRATA ( 7:40am )
1025.00
+41.20 ( 4.12 %)

SYMBOL ( 2010-02-08 )
LAST
CHANGE
HOME DEPOT INC ( 4:00pm )
28.59
+0.61 ( 2.14 %)
HEWLETT PACKARD CO ( 4:00pm )
47.59
+0.27 ( 0.57 %)
GENERAL MOTORS ( 3:39pm )
0.80
+0.05 ( 9.80 %)
ALTRIA GROUP INC ( 4:00pm )
19.37
-0.01 ( -0.05 %)
EXXON MOBIL CORP ( 4:00pm )
64.35
-0.03 ( -0.05 %)

SYMBOL ( 2010-02-08 )
LAST
CHANGE
PRICELINECOM INC ( 4:00pm )
200.62
+3.66 ( 1.83 %)
NOVATEL INC ( 3:26pm )
38.80
+2.76 ( 7.65 %)
KELLY SVCS CL A ( 4:00pm )
15.89
+2.64 ( 19.44 %)
GOOGLE ( 4:00pm )
533.47
+2.18 ( 0.41 %)
VERTICALNET INC ( 1:22pm )
7.10
+2.14 ( 40.76 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!

 Finance Explained

Money making ideas

Save money
Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.