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Announced

Completed

Chart Industries completed the acquisition of Howden from KPS Capital for $4.4bn.

Financials

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Transaction Value£3,822m
Consideration TypePreference Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA12.9x
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Acquisition

Private Equity

Majority

Single Bidder

Private

Cross Border

air and gas handling products

Electronic Equipment: Control and Filter

Friendly

Completed

Synopsis

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Chart Industries, a manufacturer of highly engineered equipment servicing multiple applications, completed the acquisition of Howden, a provider of air and gas handling solutions, from KPS Capital, a private equity firm, for $4.4bn. “We are excited to welcome the Howden team to the Chart family and look forward to the combined business executing on record momentum and well-defined synergies. Since we announced the combination in November 2022, Chart has received numerous inbounds from customers that see the combined benefits we can offer,” Jill Evanko, Chart CEO and President.

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