Circor International, Inc.: Buyout Is Almost A Done Deal Awaiting Regulatory Approvals

Stella Mwende
1.97K Followers

Summary

  • Private equity firm KKR is set to acquire global pump-and-valve manufacturer Circor International in a $1.7 billion deal.
  • Circor's Q2 2023 revenue beat estimates and was up 9.11% YoY, indicating strong growth.
  • KKR's offer of $56 per share, along with a ticking fee, was accepted over a rival bid from Arcline Investment firm.
new modern hose and pipeline safe joint on the factory in production room

Михаил Руденко/iStock via Getty Images

Global pump-and-valve manufacturer, Circor International, Inc. (CIR) is set to be acquired by private equity firm, KKR in a $1.7 billion deal that is expected to close by Q4, 2023. KKR raised its offer to $56 per share to strike off a rival bid

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