![]() ![]() The sale process, which was started last year, is understood to have attracted a number of suitors. As at 30 June 2021, gross assets were $2.5bn. OBE, which employs more than 6,700 people, generated around $337m in annual earnings before interest, tax, depreciation and amortisation in 2020. The deal consists of $3.45bn in cash and a transfer of lease liabilities of $0.35bn. Based in Dallas, Texas, OBE’s biggest market is North America. The business, a specialist in glass building products, is being acquired by New York-based private equity firm KPS Capital Partners. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds.Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so.Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body.Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services.Obtains access to the information in a personal capacity.I am a private investor* I am not a private investor *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
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