Deals
Gilbert Looks to Sell Equipment-Maker CPM for $1.2 Billion
- Jefferies working with private equity firm to explore a sale
- CPM has $115 million ebitda, is one Gilbert’s biggest assets
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Gilbert Global Equity Partners, the private equity firm that is winding down operations, is working with Jefferies Group LLC to explore a sale of industrial-equipment maker CPM Holdings Inc., according to people familiar with the matter.
CPM, one of Gilbert’s largest remaining assets, could fetch about $1.2 billion in a sale, said the people, who asked not to be identified because the matter is private. CPM generates about $115 million in annual earnings before interest, taxes, depreciation and amortization, they said.