TowerBrook funds Bosal unit buyout with private EQT loan

Victor Jimenez

January 11, 2018 01:15 pm

PDVSA, Venezuela, refinery, Latam — An oil tank in the Isla refinery - once the largest in the world and now considered the most environmentally harmful - on the island of Curacao in Willemstad, Netherlands, 09 August 2016. The site is outdated and many children in the region suffer from asthma from the emissions. Located on the Caribbean island of Curacao is the world's once largest refinery - completely ramshackle, operated by the Venezuelan oil company PDVSA. All the regulatory limits in the former Dutch colony are being severely exceeded, which is harming the important tourism industry. Photo:¬†ANDREAS¬†NOETHEN/dpa | Andreas N√∂then/DPA/PA Images

Bosal, the Dutch manufacturer of industrial equipment, is selling its tow bar division to private equity firm TowerBrook. EQT has provided the financing for the acquisition.

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Victor Jimenez