CPE /
A. O. Smith’s China business
CPE agrees to buy 81% of A. O. Smith's China business
- Valuation
- $400m
- Stage
- Agreement signed
What happened
A. O. Smith has signed definitive agreements under which alternative asset manager CPE will acquire an 81% interest in its China business. A. O. Smith keeps a 19% interest and enters a long-term brand licensing agreement.
The deal values the China business at about $400 million on a cash-free, debt-free basis.
The source
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CPE agrees to buy 81% of A. O. Smith's China business
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