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Golden Gate Capital Announces Investment in Covia

Dec 31, 2020•over 4 years ago
San Francisco

Description

Golden Gate Capital, a leading private equity investment firm, today announced that it has invested in Covia, which successfully completed its financial restructuring and emerged from Chapter 11 today. Through its restructuring, Covia has reduced its long-term debt by approximately $750 million and its fixed costs, including railcar obligations, by an additional $300 million.

Company Information

Company

Golden Gate Capital

Location

San Francisco, California, United States

About

Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Notable investments sponsored by Golden Gate Capital include Active Minerals, ANGUS, Cole-Parmer and Vantage Elevator Solutions.

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