Who says you can't make big money in the highly competitive tire business?
Affiliates of Investcorp Bank BSC, Berkshire Partners L.L.C. and Greenbriar Equity Group potentially could earn a profit of as much as $800 million after agreeing to sell mega wholesale distributor American Tire Distributors Holdings Inc. (ATD) to another equity group for $1.3 billion.
For its five years of ownership, the Investcorp partners will receive a not-too-shabby 160-percent return on their investment.
It may not be as glamorous as other high-tech industrieseven though tires are highly engineered technological productsbut the tire industry clearly can be just as lucrative.
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