Victor Li acquires Alinda's Reliance Home Comfort for $2.8 bln: Reuters

Victor Li, co-chairman of Husky Energy Inc and son of one of Asia's richest men, has agreed to acquire Reliance Home Comfort LP, a Canadian provider of heating and cooling systems, from U.S. private investment firm Alinda Capital Partners for $2.8 billion, Reuters reported. Li is the heir to Hong Kong billionaire and property tycoon Li Ka-shing. Several U.S. private equity firms also looked at the asset, sources said. Reliance entered Alinda’s portfolio in 2007, when the investor acquired UE Waterheater Income Fund for about $1.74 billion.

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