Sale to Warburg Pincus LLC

Industrial
Sale to Warburg Pincus LLC

Summary

Baird served as a financial advisor to Duravant LLC

About

Duravant LLC (“Duravant” or the “Company”), a portfolio company of Odyssey Investment Partners, LLC (“Odyssey”), was recently acquired by Warburg Pincus LLC (“Warburg Pincus”). Terms of the transaction were not disclosed.

Duravant is a leading global developer and manufacturer of engineered equipment and automation solutions for food processing, packaging and material handling applications. The Company also provides full service aftermarket support and operates a portfolio of market-leading brands including Afoheat, Arpac, Fischbein, FMH Conveyors, Hamer-Fischbein, Mespack and Marlen International. Duravant serves customers in over 190 countries and across multiple end markets, including food and beverage, e-commerce, agriculture, household goods, pharmaceuticals, distribution and industrials. Duravant is headquartered in Downers Grove, Illinois.

Odyssey Investment Partners, LLC is a leading middle-market private equity firm with over $2.5 billion under management. Odyssey primarily makes majority, controlled investments typically in established middle-market companies in a variety of industries. Odyssey is headquartered in New York, New York, with an additional office in Los Angeles.

Warburg Pincus LLC is a leading global private equity firm focused on growth investing. Warburg Pincus has more than $44 billion in private equity assets under management. Warburg Pincus’s active portfolio of more than 140 companies is highly diversified by stage, sector and geography. Warburg Pincus has offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai and Singapore and is headquartered in New York, New York.
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Industrial
Sale to Warburg Pincus LLC
Date
July 2017
Company
Duravant LLC
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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