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Ortopedia Gmbh

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BUSINESS
September 24, 1991
Everest & Jennings International Ltd., a Camarillo-based wheelchair maker, said it has agreed to sell its Ortopedia GmbH unit in Germany in a deal valued at about $58 million. The buyer is a consortium led by Citicorp Venture Capital and includes County NatWest Ventures Ltd. and Ortopedia's management. The proposed sale is part of Everest & Jennings' effort to cut its debt load. Ortopedia's annual sales of about $83 million are more than a third of Everest & Jennings' total annual sales.
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BUSINESS
September 24, 1991
Everest & Jennings International Ltd., a Camarillo-based wheelchair maker, said it has agreed to sell its Ortopedia GmbH unit in Germany in a deal valued at about $58 million. The buyer is a consortium led by Citicorp Venture Capital and includes County NatWest Ventures Ltd. and Ortopedia's management. The proposed sale is part of Everest & Jennings' effort to cut its debt load. Ortopedia's annual sales of about $83 million are more than a third of Everest & Jennings' total annual sales.
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BUSINESS
January 19, 1991
Everest & Jennings International Ltd., a Camarillo manufacturer of wheelchairs, is looking to sell the property on which its Camarillo headquarters sits, plus its interest in Ortopedia GmbH, a West German maker of medical equipment. E & J, which is controlled by Hong Kong investment company Industrial Equity (Pacific) Ltd., revealed its intentions in a Securities and Exchange Commission filing.
BUSINESS
September 19, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
Everest & Jennings International Ltd., a struggling wheelchair manufacturer in Camarillo, has completed a debt-restructuring agreement that would ease the company's debt burden and give a New Zealand investor a controlling stake in the company. The agreement, covering the restructuring of $46 million of debt, would effectively reduce that debt burden by about $33 million, the company said.
BUSINESS
September 17, 1991 | JAMES F. PELTZ, TIMES STAFF WRITER
Everest & Jennings International Ltd., a struggling wheelchair manufacturer in Camarillo, has completed a debt-restructuring agreement that would ease the company's debt burden and give a New Zealand investor a controlling stake in the company. The agreement, covering the restructuring of $46 million of debt, would effectively reduce that debt burden by about $33 million, the company said.
BUSINESS
October 8, 1991 | PATRICE APODACA, TIMES STAFF WRITER
Stocks of regional companies put in a mixed performance in the third quarter, faring slightly worse than the market as a whole and well below the continued nationwide surge of small stocks, which gained smartly in the quarter. In the three months that ended Sept. 30, a total of 38 regional stocks, or 54%, posted price declines or remained unchanged from the end of the second quarter. Meanwhile, 32 stocks, or 46%, gained in value in the third quarter.
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