PRINT THIS PAGE UK Charterhouse to buy vending machine firm for E800m18/05/2004. Source: AltAssets. 
 UK private equity firm Charterhouse is to acquire UK-based packaging and vending machine firm Autobar for E800m. The sale by the company's current owner, the Kuwaiti Investment Office, is subject to regulatory approval and is expected to be completed in the next six to eight weeks.
Autobar was put up for sale last year and attracted interest from a number of potential bidders including rival private equity firm BC Partners and Bunzi, a UK supplier of food packaging and carrier bags, according to a report by Reuters.
The deal, if completed, would be Charterhouse's first since 2002. The firm closed its seventh fund last year with E2.7bn of commitments, just short of its initial E3bn target. The firm is the oldest private equity firm in the UK, founded in 1934, but has passed through the hands of a number of different parents and only became fully independent in 2001 when it bought itself out of HSBC.
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