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MPE Partners to Acquire Renold in $254M Bid - USA Herald
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MPE Partners to Acquire Renold in $254M Bid - USA Herald
In a strategic strike across the Atlantic, MPE Partners, the Ohio-based private equity firm, has agreed to acquire Renold PLC, the venerable British industrial chain manufacturer, in a £186.7 million ($254 million) cash deal aimed at building a juggernaut in the global power transmission sector. Backed by legal giants Jones Day for the buyers and Eversheds Sutherland for the sellers, this cross-border takeover, announced Friday, marks a pivotal …
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