KPS Capital Partners Acquires Howden from Colfax Corporation
May 16, 2019
KPS Capital Partners has signed a definitive agreement to acquire Howden from Colfax Corporation for an enterprise value of $1.80 billion (approximately $1.66 billion cash plus $0.14 billion in assumed liabilities and minority interest). Howden, headquartered in Glasgow, United Kingdom, is a global manufacturer and service provider of mission-critical air and gas handling equipment with more than 5,300 employees and a presence in 32 countries. KPS said it will support Howden's transformation and growth through investments in R&D, technology and strategic acquisitions.
- Buyers
- KPS Capital Partners
- Targets
- Howden
- Sellers
- Colfax Corporation
- Industry
- Manufacturing
- Location
- Scotland, United Kingdom
- Transaction Type
- Buyout
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