News
Caris to lead combined RSDB and Quebecor print giant
RSDB chief executive John Caris will take the helm of a combined RSDB and Quebecor World Europe company, according to details made public by HHBV.
Dutch private equity company HHBV recently launched a bid for Quebecor World's European division, and has now outlined the details of its proposed bid for Roto Smeets parent RSDB.
In a statement RSDB said that the transaction enables it to take a leading role in the anticipated consolidation of the European print market, a long stated goal of Caris.
It is understood that Caris was the driving force behind the two deals following the rejection of RSDB's bid for Quebecor World Europe in December by the company's shareholders.
The combined company will employ 5,800 people across 40 sites in 11 countries.
The €40 (£31.54) a share offer for RSDB represents a 28% premium on RSDB's average closing share price over the past month and HHBV reports that it has the agreement of all major shareholders to sell their holdings.
Hendrik van den Hombergh, founder and partner of HHBV, said: "We are very excited about this opportunity. This transaction is a further major step in our goal of building a pan-European printing platform."
Comments
- 16 June 2008
HHBV have excellent management people and business models that will make this acquisition work!
At last we will be able to see how a print organisation should be managed for success.
Colin Thompson
Cavendish
www.cavendish-mr.org.uk
Simon Biltcliffe- Webmart - 16 June 2008
John Caris is a great manager who knows the market & will drive the integration forward deftly. I hope that the benefits & cost-savings materialise in the way intended for it to make economic sense.
Simon Biltcliffe
MD
WEBMART Ltd
www.FreePrintSales.com
Irishpunt - 19 June 2008
Colin, pray tell me how you have the ability and knowledge to assess whether or not Hombergh/De Pundert Group (HHBV) has "excellent management people and business models".
Do you work for them or are privy to their future plans? If not, I suggest you are wholly unqualified to comment on what is an unproven merger between (a) an under-performing quoted Dutch group (where stakeholders have ably demonstrated their desire to make a speedy exit - tells you what they think of the P&P market) and a bankrupt entity that has been losing 15c in every €1 of its turnover.
M. Scanlon
david fortune - 29 January 2009
Mr Mark Scanlon, are you the fellow that is part of Walstead ? If not then welcome to the forum. If so then %&*) "£$ %^& @%&* (thats trying to be polite)
NDCT - 29 January 2009
Looks like this thread can only get better.....
david fortune - 29 January 2009
Not Dr Colin Thompson (love the name) I think you are probably right - (by the way it is nice to communicate with somone who is not either The hand of god or The voice of reason (I have my suspicions that these are one of the same))
NDCT - 29 January 2009
david - keep up the good work! We need all the humour and irreverence possible with the way things are right now.
david fortune - 29 January 2009
Dear N.D.C.T - I just love it - Its nice to find someone who is "on the same same wavelength". I think there are too many posters here that tend to take themselves too seriously don't ya think?
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