KPS to sell MCI to New Flyer for about $480 mln

KPS Capital Partners has agreed to sell Motor Coach Industries International Inc to New Flyer Industries Inc for consideration of about $480 million. The deal is expected to be completed during the fourth quarter of this year. J.P. Morgan is serving as financial advisor to MCI on the transaction. Headquartered in Des Plaines, Illinois, MCI is a provider of intercity coaches in the U.S. and Canada.

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