Boart stake
Premium Content
29 April 2008
A group of institutional investors led by Australia's Macquarie Bank has agreed to acquire an undisclosed shareholding in drilling equipment and services company, Boart Longyear. Boart Longyear was sold by mining company Anglo American in July last year.
The buyers were two private equity and investment companies, Advent International and Bain Capital, which paid for US$ 545 million in cash.
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