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Article: Ontario Teachers' Completes Purchase of Alliance Laundry Systems LLC
- Article from:
- CCNMatthews Newswire
- Article date:
- January 27, 2005
CopyrightCopyright 2005 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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TORONTO, ONTARIO--(CCNMatthews - Jan. 27, 2005) - Teachers'
Private Capital, the private equity arm of the Ontario Teachers'
Pension Plan, acting through an affiliate, completed the purchase of
Alliance Laundry Holdings LLC from Bain Capital Partners, LLC and
minority shareholders for approximately US$450 million. The signing
of a definitive purchase agreement was announced on December 8, 2004.
The management of Alliance Laundry Systems will continue to hold a
significant investment in the company.
"We are looking forward to working with Alliance's strong
management team to help them grow the business," said Jim Leech,
Senior Vice-President, Teachers' Private Capital. "With its superior ...