CVC, Standard Chartered to Sell Infastech to Stanley Black & Decker for US$850 Million (Asia)
Source: CVC Capital Partners
Global private equity firms CVC Capital Partners and Standard Chartered Private Equity Limited (SCPEL) have announced the sale of Hong Kong-based fastener manufacturer Infastech to Stanley Black & Decker, a global diversified industrial company. The transaction, which is valued at US$850 million, is pending regulatory approval. CVC and SCPEL initially invested in Infastech in August 2010.