Blackstone, Dinamia To Buy Mivisia

Dinamia and Blackstone have entered an agreement to acquire Spanish tin cans maker, Mivisia Group.

Dinamia and Blackstone have entered an agreement to acquire Spanish tin cans maker, Mivisia Group. The U.S. private equity firm and Spain’s Dinamia will buy 100% of Mivisia. The financial details of the transaction are not disclosed, but the Spanish buyout firm is seeking to pay up to $12.7 million for a 5% stake in the management buy-out of Mivisia. The transaction is expected to close in the second quarter of 2011.

Click here for the release from Trading Markets.