Ontario Teachers to sell majority stake in Alliance Laundry to BDT

U.S. private equity firm BDT Capital Partners has agreed to acquire a majority stake in Alliance Laundry Systems LLC from the Ontario Teachers' Pension Plan. No financial terms were disclosed. After the deal closes later this year, Ontario Teachers will retain a minority stake in the company. Morgan Stanley & Co LLC, BMO Capital Markets Corp and Bank of America NA provided financial advice to Alliance Laundry on the transaction. Based in Ripon, Wisconsin, Alliance Laundry is a maker of commercial laundry equipment. Teachers’ Private Capital, the private investment arm of Ontario Teachers, bought it for US$450 million in January 2005.

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