Levine Leichtman buys Pacific Handy Cutter: UPDATED

Levine Leichtman Capital Partners said May 16 it has acquired of Pacific Handy Cutter Inc. Financial terms weren’t announced. Irvine, California-based Pacific Hand makes specialized cutting tools and replacement blades. UPDATE: In a separate release, American Capital Ltd, the seller, said it made it realized 1.8 times its investment with the sale of Pacific Handy. The deal generated a compounded annual rate of return of 9.8 percent, including interest and fees, American Capital said.

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