OEP Capital Advisors, L.P. completed the acquisition of Associated Spring and Hänggi businesses of Barnes Group Inc. (NYSE:B) for approximately $180 million.
The transaction is expected to close early 2024. Barnes Group will use the net proceeds to reduce debt incurred from the strategic acquisition of MB Aerospace in August 2023. BofA Securities, Inc. served as financial advisor and Christopher Bourne of Foley & Lardner LLP served as legal counsel to Barnes. Claude Lambert and Gregor Bühler of Homburger AG acted as legal advisor to OEP Capital Advisors, L.P.
OEP Capital Advisors, L.P. completed the acquisition of Associated Spring and Hänggi businesses of Barnes Group Inc. (NYSE:B) on April 4, 2024.