Unitas, CCMP set for 3.5x return as Atlas Copco buys Edwards for $1.6b
Unitas Capital will make up to 3.5x its money on Edwards Group after Sweden’s Atlas Copco agreed to buy the specialist vacuum products developer for approximately $1.6 billion, including debt. Unitas and CCMP Capital have owned the business since 2007 during which time Asia has consolidated its position as the primary sales driver.
Atlas, a supplier of drilling equipment and air compressors to the mining and construction industries, has agreed to pay up to $10.50 per share for all outstanding shares. The offer comprises a fixed cash...
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