Warburg Pincus to buy Duravant
Warburg Pincus has agreed to acquire Downers Grove, Illinois-based Duravant LLC, an automation and engineered equipment company serving the food processing, packaging and material handling sectors. The seller is Odyssey Investment Partners. No financial terms were disclosed. The deal is expected to close in the third quarter of this year. Jefferies LLC served as lead financial adviser to Duravant, with Robert W. Baird & Co also providing financial advice while William Blair & Company L.L.C. served as financial adviser to Warburg Pincus.
16 June 2017•4 mins read
