Star Capital Nabs Thyssen Shipbuilding Units For $200M

Law360, New York (December 12, 2011, 4:51 PM EST) -- German industrial conglomerate ThyssenKrupp AG has sold three of its marine business units to British private equity firm Star Capital Partners Ltd. in a deal reportedly worth as much as $200 million, ThyssenKrupp announced Monday.

The German steelmaker said it sold the yacht-building, ship repair and components maker of its Blohm & Voss division to London-based Star Capital. The sale is part of a larger $13.4 billion divestment plan begun in May by ThyssenKrupp as the firm concentrates on building naval vessels.

The three divisions —...
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