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US Bain Capital buys Deutsche Bahn units for E1.4bn11/12/2003. Source: AltAssets. 
 US buy-out firm Bain Capital has bought Deutsche Bahn’s chemical distribution and steel trader units for E1.4bn. The move will help the German railway operator to reduce its debt burden as it heads for a possible privatisation.
Deutsche Bahn acquired the two units, Brenntag and Interfer, when it bought logistics company Stinnes for E2.5bn last year. At the same time it said that it intended to divest the units as part of a drive to shed non-core assets and cut its debt.
Bain Capital has beaten a number of rivals to secure the transaction including UK buy-out firm CVC Capital, according to a report by Reuters.
Copyright © 2003 AltAssets
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