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People & Business :: M&A

Private Equity Firm to Buy Stake in Three Odfjell Tank Terminals

6:10 AM MDT | May 19, 2011 | Ian Young

Private equity firm Lindsay Goldberg (New York) has agreed to acquire a 49% stake in Odfjell's tank terminals at Rotterdam and Houston, and in a terminal that Odfjell is constructing at Charleston, SC. "The selection of Lindsay Goldberg follows a careful review and discussions with various interested parties," Odfjell says. Lindsay Goldberg has also agreed to become Odfjell's partner in developing new business in the European and North American tank terminal markets. Financial terms were not disclosed, but Odfjell says the agreement covers a transaction...

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