NEW YORK: Buyout firm Jordan Co is in advanced talks to buy a majority stake in Five Star Holding Corp in a deal that will value the closely held packaging maker at about US$1.5bil (RM6.31bil), according to sources.
The private equity firm won an auction process for the Houston-based business, with the founding family expected to retain a significant minority share as part of the deal, said the sources.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
