Golden Gate Closes Buy of Springs Window Fashions
Golden Gate Capital has completed its buy of Springs Window Fashions. Financial terms were not announced. The sellers include Heartland Industrial Partners and interests of the Close Family. Middleton, Wis.-based Springs makes and sells custom and stock window coverings and drapery hardware to retail and commercial customers. BofA Merrill Lynch served as financial advisor to Golden Gate Capital. J.P. Morgan was the financial advisor to Springs. Bond financing for the transaction was led by J.P. Morgan Securities and BofA Merrill Lynch, with GE Capital providing a new ABL facility.
4 June 2013•2 mins read
