BC Partners, Carlyle To Pay $3.5B For Industrial Pump Maker

Law360, New York (July 25, 2012, 9:43 PM EDT) -- London private equity house BC Partners Ltd. and asset manager The Carlyle Group have agreed to buy industrial pump and compressor maker Hamilton Sundstrand Industrial from United Technologies Corp. for $3.46 billion, the buyers announced Wednesday.

In the deal, BC Partners and Carlyle will acquire Milton Roy Co., Sullair Corp. and Sundyne Corp., the three industrial businesses that make up Hamilton Sundstrand. The investment is funded equally by BC European Capital IX and Carlyle Partners V LP in addition to third-party debt provided by a banking...
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