Hellman & Friedman Acquires Goodman Global in $1.9B Take-Private

Hellman & Friedman, through its affiliates, completed the acquisition of Goodman Global, Inc. on February 13, 2008, in a take-private merger valued at $25.60 per share. The transaction was financed with $500M in senior subordinated notes, $800M in senior secured term debt, $105M in asset-based revolving credit, and over $1.2B in equity from H&F, co-investors, and management.

“On October 21, 2007, Chill Holdings, Inc. (which we refer to as Parent), Chill Acquisition, Inc., a subsidiary of Parent (which we refer to as Merger Sub), and Goodman Global, Inc. entered into an agreement and plan of merger (the Merger Agreement) pursuant to which Merger Sub merged with and into Goodman Global, Inc. on February 13, 2008.”

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