Pamplona Capital Management said it acquired two U.S.-based companies -- Coinmach Service Corp, a provider of laundry services, and AIR-serv Group, which provides vacuum services and tyre inflation for cars -- for a combined $1.4 billion. The two companies will be combined to form CSC ServiceWorks Inc, London-based private equity fund Pamplona said in a statement on Wednesday.The transaction was financed by a $795 million first-lien term loan, as well as a $325 million second-lien term loan that was fully underwritten by Pamplona.Morgan Stanley was the financial adviser and Kirkland & Ellis the legal adviser to Pamplona. Evercore Partners and Deutsche Bank were the financial advisers to CSC ServiceWorks and White & Case was the legal adviser.
Evercore Partners Inc. (Evercore) is an independent investment banking advisory firm. Shares of EVR fell by 0.12% or $-0.05/share to $41.58. In the past year, the shares have traded as low as $20.57 and as high as $44.53. On average, 451402 shares of EVR exchange hands on a given day and today's volume is recorded at 24652.
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