DLJ Sells Wastequip to Odyssey

DLJ Merchant Banking Partners has sold Wastequip Inc., a Beachwood, Ohio-based waste transportation equipment maker, to Odyssey Investment Partners for $616 million. It had acquired the company from CIVC Partners in 2005 for an undisclosed amount, but said in a statement that the deal represents a 3.1x cash-on-cash return. www.wastequity.com