Champ Private Equity hires Goldman Sachs to sell indebted Blue Star unit

Mon, 23 Jul 2012

By Jonathan Underhill July 24 (BusinessDesk) - Champ Private Equity, the Sydney-based buyout firm, has hired Goldman Sachs to sell its indebted printer Blue Star Group after receiving unsolicited approaches to buy the business in June. Goldman Sachs is assessing the approaches and looking at other possible avenues for sale on behalf of Sydney-based Champ, which bought its controlling 84 percent stake in Blue Star in 2006 from interests associated with then-managing director Tom Sturgess at a price based on an enterprise value of $385 million....

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