Repco Takes Private Road To Repair

CAR parts wholesaler and retailer Repco has given up the battle to repair its badly mauled finances under the gaze of an unforgiving sharemarket and agreed to a $336 million private equity deal. CCMP Capital Asia will take Repco private in a $1.75-a-share offer just three years after the company was relisted in a $405 million fund-raising by a consortium of three other private equity firms. Gresham Private Equity, GS Private Equity and Macquarie Direct Investment had engineered a management ...