Private equity company Castle Harlan Australian Mezzanine Partners Pty Ltd (CHAMP) plans to sell Penrice Soda company, the only Australian maker of soda ash, and has appointed Credit Suisse First Bost…
Private equity company Castle Harlan Australian Mezzanine Partners Pty Ltd (CHAMP) plans to sell Penrice Soda company, the only Australian maker of soda ash, and has appointed Credit Suisse First Boston (CSFB) to advise on the sale, according to industry sources. They said CSFB was looking at both an initial public offering and a sale within the industry as ways for CHAMP to dispose of the business it bought in October 2001 for about AUD 80 million (USD 61 million). Penrice“s annual sales exceed AUD 100 million, according to the company“s web site.