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New Deal


Announced

BlackRock to acquire a 30% stake in AirFirst from IMM Private Equity for $860m.

Financials

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Transaction Value£684m
Consideration TypeCash
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Pending

industrial gases

Capital Goods

Acquisition

Private

Cross Border

Single Bidder

South Korea

Private Equity

Friendly

Synopsis

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BlackRock, a private equity firm, agreed to acquire a 30% stake in AirFirst, an industrial gasses company, from IMM Private Equity, a private equity firm, for $860m. BlackRock competed with three other shortlisted bidders — KKR, Canada-based Brookfield and CVC Capital — to buy the AirFirst shares up for grabs.

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