Texas Instruments to sell Sensors & Controls to Bain Capital for $3 billion

Texas Instruments agreed to sell its Sensors & Controls business (which serves climate control among other markets) to affiliates of private equity firm Bain Capital for $3 billion in cash, a PE carve-out of a controls unit.

“Texas Instruments Inc. (TI) has announced the signing of a definitive agreement to sell its Sensors & Controls business to affiliates of Bain Capital LLC, a leading global private equity investment firm, for $3 billion in cash.”

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