US PE firm sells Reliance Home Comfort to HK tycoon Li Ka-Shing
US-based PE firm Alinda Capital Partners has agreed to sell Canadian heating, ventilation and air conditioning (HVAC) firm Reliance Home Comfort to Hong Kong tycoon Li Ka-Shing’s Cheung Kong Property Holdings (CKP) for C$2.8 billion ($2.1 billion).
CKP will purchase Reliance through its subsidiary CKP (Canada) Holdings, according to a release. It will pay with cash and assume the company’s debt. After the transaction CKP will transfer a stake of...
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