31.03.2008
LMS sells stake in Energy Cranes
LMS Capital Plc has announced that it has sold its entire stake in Energy Cranes International Ltd to a management buyout team backed by Close Brothers Private Equity for £83 million.
The investment company said the net proceeds of the sale, which placed an enterprise value on Energy Cranes of £142 million pounds, amounts to £83 million in cash.
It added that it will use the funds to develop its investment portfolio and general corporate purposes.
See original story - bid for Energy Cranes
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