Deal Snapshot
KPS CAPITAL TO ACQUIRE HOWDEN FROM COLFAX IN DEAL VALUED AT USD 1.8BN
Tuesday 21 May 2019

New York, US-based investment company KPS Capital Partners has agreed to acquire Scotland-based Howden, a mission critical air and gas handling equipment provider, from Colfax Corp. (NYSE: CFX) for an enterprise value of USD 1.80bn, the company said.
The USD 1.80bn transaction includes USD 1.66bn in cash consideration and USD 0.14bn in assumed liabilities and minority interest, subject to customary closing adjustments. Completion of the transaction is expected in the second half of 2019.


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Details
Date Published: 21/05/2019
Target: Howden
Country: UK
Deal Size: 1.8bn (USD)
Sector: Machinery/Engineering
Type: LBO
Financing: Cash
Status: Agreed
Vendor: Colfax Corp
Buyer: KPS Capital Partners
Buyer Advisor: J.P. Morgan Securities , RBC Capital Markets , Paul, Weiss, Rifkind, Wharton and Garrison
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