Stanley Black & Decker has completed its acquisition of Infastech, a manufacturer and distributor of specialty engineered fastening technologies, from CVC Capital Partners and Standard Chartered Private Equity Limited for $850 million in cash.
Infastech designs, manufactures and distributes highly‐engineered fastening technologies and applications for a blue-chip customer base in the industrial, electronics, automotive, construction and aerospace end markets. The company is based in Hong Kong and has revenues of approximately $580 million and more than 2,000 employees (www.infastech.com).
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. The company is headquartered in New Britain, CT (www.stanleyblackanddecker.com).
CVC invests in industrial and service businesses. To date, CVC has raised over $44 billion in capital completing over 290 investments in a range of industries and countries across the globe, with an aggregate transaction value of $169 billion. In total, the firm manages over $37 billion and is investing from CVC Tandem Fund, CVC Fund V and CVC Asia III. The firm is based in London and has a network of 19 offices and 230 employees throughout Europe, Asia and the United States (www.cvc.com).
Standard Chartered Private Equity Limited has invested over $5 billion to date in mid- to late-stage companies across a range of industries that require equity funding for expansion or to finance changes of ownership, such as acquisitions or management buy-outs. The business is part of Standard Chartered PLC, a British multinational banking and financial services company headquartered in London (www.standardchartered.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-27-13