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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.