Black Diamond Chases PTC Assets

Davis, Avram
October 2009
Mergers & Acquisitions Report;10/12/2009, Vol. 22 Issue 41, p23
This article reports on the selection of Black Diamond Capital Management LLC as the preferred bidder for auto parts manufacturer PTC Alliance in the U.S. in 2009. According to Stephen H. Deckoff, a managing principal at the private equity firm, they will establish a company with a stronger balance sheet and lower cost structure. Black Diamond will provide a loan to PTC to continue to fund its operating expenses.


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