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ROUNDUP / BARBARA MURPHY

Charterhouse Acquires Majority Interest in Eos

September 29, 1998|BARBARA MURPHY

Charterhouse Group International, a private equity investing group, has acquired a majority interest in Eos Corp. of Camarillo, which manufactures power conversion products.

"Eos has established a position as a provider of the highest-density power adapters and power supplies in the market," said Michael Archer, president and chief technical officer. "The new financing provides a strong foundation for further penetration of the marketplace with our technology."

Thomas V. Baker, Eos vice president and chief financial officer, said the new capital "will strengthen the company's balance sheet by eliminating virtually all debt and providing a healthy free-cash position."

Eos products are used by laptop computer manufacturers, point-of-sales terminal manufacturers and communications equipment manufacturers. The company employs more than 200 people in the United States, Europe and Asia.

New York-based Charterhouse manages $1.6 billion in equity capital through several limited partnerships.

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