DLJ Merchant Banking Partners, the private equity arm of Credit Suisse Group, has sold its stake in a waste equipment manufacturer, tripling its initial investment in the company.
DLJ completed its $616m (€474.5m) sale of Wastequip to buyout firm Odyssey Investment Partners. The deal was initially announced in December. DLJ originally purchased Wastequip in May 2005. Credit Suisse advised on the deal.