Irving Place Capital to Acquire Thermadyne Holdings (THMD) for $422M

October 5, 2010 9:35 AM EDT
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Thermadyne Holdings Corp. (Nasdaq: THMD) announced that they have entered a definitive agreement to be acquired by Irving Place Capital affiliates for a consideration of $15 per share, or $422 million total.

Close of the transaction is expected in December 2010.

The transaction is subject to shareholder approval and other customary closing conditions and is targeted to close in December 2010.

Oppenheimer & Co. Inc. is acting as Thermadyne's exclusive financial advisor, and Bryan Cave LLP serves as its legal advisor.

RBC Capital Markets is acting as Irving Place Capital's exclusive financial advisor, and Weil, Gotshal & Manges LLP is acting as its legal advisor.

Jefferies & Company, Inc. or one or more of its affiliates, RBC Capital Markets and GE Antares Capital Corporation have committed to providing debt financing in support of the transaction.

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Mergers and Acquisitions, Private Equity

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Jefferies & Co, RBC Capital, Irving Place Capital/Thermadyne Holdings Corp.

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