Chase Manhattan Corp. and Goldman Sachs & Co. have pledged their support to finance Cypress Group's buyout of General Host Co., operators of Frank's Nursery and Crafts Stores.

Cypress Group, a New York-based private equity group formed by veterans of Lehman Brothers Inc., said last week that it would buy General Host, of Stamford, Conn., for $320 million in cash and take on $171 million of debt.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.