Kirkland Aids Bain In $1.6B Deal For Danaher, Cooper JV

Law360, New York (October 10, 2012, 2:32 PM EDT) -- Private equity giant Bain Capital Partners LLC has agreed to pick up global manufacturer Apex Tool Group LLC from Cooper Industries PLC and Danaher Corp. for about $1.6 billion, the companies announced Wednesday.

Both owners have agreed to sell off their 50 percent stakes in the Maryland-based joint venture they started two years ago. While financial details of the sale were not disclosed, a consortium of lenders — including Barclays Capital Inc., Goldman Sachs & Co., Morgan Stanley Bank NA, RBC Capital Markets Corp., Citigroup and...
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