Blackstone's Gates buyout one of 2014's largest for U.S. M&A: Reuters

Private equity firm Blackstone (BX.N) is set to launch a $4.2 billion financing to back its $5.4 billion acquisition of auto parts maker Gates Global. The deal is the second-largest U.S. leveraged buyout financing of the year, according to Thomson Reuters data, and is also the largest private equity buyout of an industrial company in more than four years.

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