Astorg Buys FCI Unit From Bain Capital For $900M

Law360, New York (September 28, 2011, 1:14 PM EDT) -- French private equity firm Astorg Partners said Wednesday that it had struck a deal to buy the microconnections arm of electronic connector producer FCI SA from Bain Capital LLC in a deal reportedly worth nearly $900 million.

The transaction, which consists of 50 percent equity and 50 percent debt, will give Astorg a controlling share of MIC, which makes microconnectors used in a host of consumer products, including bank cards, SIM cards and light-emitting diode bulbs, according to Astorg.

The companies expect to close the deal...
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