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.

Jennifer McCandless in New York

Credit Suisse Group

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DLJ triples gains on waste deal

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