Amber Parent, an affiliate of Bain Capital Partners and Amber Mergerco, will acquire fired protection business, China Fire & Security. The buyer will pay around $265.5 million for the Beijing-based company.
The transaction, which is expected to be completed before November 15, 2011, requires approval from holders with at least 75% of the outstanding shares and 50% of the outstanding shares held by disinterested shareholders. Underwriters, Bank of America, Citibank and the HSBC, have agreed to provide financing for the deal.
Click here for the release from Globe Newswire.