Bain Capital wins global American Standard bid; Sun Capital acquires Americas stake

Bain Capital won the overall deal for the global business for $1.75 billion, while Sun Capital closed on a $130 million carve-out for a majority stake in the Americas business.

“Bain won the overall deal for $1.75 billion, and would rename the Asia and European business Ideal Standard. The $130 million carve-out of American Standard was structured with $50 million of equity -- of which Sun put in slightly more than Bain for a 51% ownership stake.”

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