CoBe Builds Up Home Furniture Holdings With Gorenje Buy

Law360, New York (February 27, 2013, 4:22 PM EST) -- New York private equity firm CoBe Capital will scoop up a pair of struggling furniture units from Slovenian appliance maker Gorenje, the pair said Wednesday, adding to a growing home furnishings portfolio that has focused on distressed European companies.

Neither CoBe nor Gorenje outlined the financial terms of the deal or gave a financing breakdown, saying only that they expect to button up the sale by March 1. The deal covers Gorenje's Kuhinje and Notranja kitchen furniture operations, giving the Slovenian parent a complete exit from...
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