Iceland Private Equity

Yucaipa Cos. Invests in Icelandic Company

Ron Burkle's holding company Yucaipa Cos., executed a deal in an unexpected location, Iceland. The firm primarily focuses on private equity and has a history of leveraged buyouts in the grocery store chains and retailers. The Wall Street Journal reports the story:

(June 30, 2009) Yucaipa Cos., Ron Burkle’s investment firm, has done a deal that some might describe as a bit off the beaten path, investing in Icelandic shipping and logistics company Hf. Eimskipafelag Islands.

Yucaipa is taking a 32% stake in the company, called Eimskip for short, in exchange for EUR15 million ($21 million) and forgiveness of some Eimskip debt. Eimskip Chief Executive and President Gylfi Sigfusson said in a statement that he believes “the support of a foreign investor into Iceland is a very significant step for our whole economy and demonstrates that there are investors willing to support Iceland going forward.” Click here to read the rest of the story...

Tags: Icealand Private Equity, Yucaipa private equity holdings, private equity ron burkle, icelandic private equity investments, investing in Iceland

Link to This Resource: Iceland Private Equity

http://privateequityblogger.com/2007/07/iceland-private-equity.html