Equity Firm Purchases Böwe Bell + Howell
WHEELING, IL—Böwe Bell + Howell (BBH) has received court approval for the sale of the business to the private equity funds of Philadelphia-based Versa Capital Management through an asset transaction. The closing of the deal for Chapter 11-protected Böwe Bell + Howell is expected within two weeks.
George Marton, BBH CEO, said that the company hopes that its partnership with Versa will facilitate his company's return to long-term stability. That includes introducing new products and services that address its customers' global messaging needs.
Versa Capital Management is a private equity investment firm with $950 million of committed capital under management that is focused on control investments in special situations involving middle market companies where value and performance growth can be achieved through enhanced operational and financial management. Access Value Investors (AVI) is a Chicago-based private equity firm that is also affiliated with AEG Partners LLC, a restructuring management firm that provided consulting services in connection with the transaction.