July 31, 2014 / 6:02 AM / 5 years ago

Norbert Dentressangle to buy US-based Jacobson for $750 mln

PARIS, July 31 (Reuters) - French logistics group Norbert Dentressangle said on Thursday it would acquire U.S.-based Jacobson Companies from private equity fund Oak Hill Capital Partners in a deal worth $750 million.

It said the transaction was on a debt-free and cash-free basis with a capped earn-out relating to future performance. It will be funded through Norbert Dentressangle reserves and available credit lines and is expected to close mid-September.

Norbert Dentressangle CEO Herve Montjotin said the purchase was part of the group’s aim to become a top player in global supply-chain management. (reporting by Mark John)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below