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Deal snapshot: OPENGATE CAPITAL ACQUIRES LOCK MAKER SARGENT AND GREENLEAF FROM STANLEY BLACK AND DECKER.

MANews-(C)2009-2019

US-based private equity firm OpenGate Capital has acquired Sargent and Greenleaf from Stanley Black and Decker (NYSE: SWK), the company said.

The transaction marks the third investment completed in May through OpenGate Capital's second institutional fund. S and G is a brand in the specialised high security lock industry. Founded in 1857 and headquartered in Nicholasville, Kentucky, the business has approximately 120 employees globally with a vast distribution footprint that enables S and G to sell its products into more than 100 countries.

Country: USA

Sector: Machinery/Engineering

Target: Sargent and Greenleaf

Buyer: OpenGate Capital

Vendor: Stanley Black and Decker

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jun 4, 2019
Words:122
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