Bus-maker deals with Chap 11

Bus-maker Neoplan USA Corp. plans to sell its parts division and then shut down under a Chapter 11 plan approved by a bankruptcy court last week, according to Dow Jones. Willis Stein & Partners, the Chicago buyout shop, acquired the company from its German owners in 1998. Neoplan filed for Chapter 11 bankruptcy in Wilmington, Del. in August, listing assets of $13.7 million and debts of $59 million. www.neoplanusa.com www.willisstein.com