Want to buy a tank?

CSFB is mandated to sell the tanks-to-forklift truck conglomerate, Daewoo Heavy Industries & Machinery.

Kamco has mandated CSFB to sell its stake in Daewoo Heavy Industries Machinery, a company with an enterprise value of around $1.1 billion.

Kamco owns 35.6% of the company, whose businesses include making tanks, forklift trucks and machine tools. It has a 35% market share in Korea and is number one in excavators, forklift trucks and machine tools. However, what buyers may be most excited by and thus pay a strategic premium for is its position in fast-growing...

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