Merger Mogul, Cross-Border M&A News, Private Equity Real Estate Alert and Post-Merger Integration News, our free email news alerts
Odyssey Completes Sale to Honeywell
Norcross Safety Partners dealt to Honeywell for $1.2 billion as mid-market PE firm makes waves.
May 16, 2008
Odyssey Investment Partners completed Friday a $1.2 billion portfolio sale of Norcross Safety Products to Honeywell International, the mid-market private equity firm announced.
“We are pleased to have completed this transaction in a timely manner, which will enable Norcross to move forward with what we expect will be a smooth transition to Honeywell’s ownership,” said Odyssey managing principal Brian Kwait. “We thank Bob Peterson, David Myers, their management team and all of Norcross’s employees for their great efforts over the past several years and wish them every success in the future.”
Earlier this year, Odyssey acquired Ranpak a packaging manufacturer from American Capital Strategies for an undisclosed sum.
Odyssey controls more than $1 billion of capital in two PE funds, consisting of a $760 million fund that is a decade old and a three-year-old $750 million fund. It makes control investments in mid-market companies in the manufacturing, financial services and aerospace businesses, among others.
For more information on related topics, visit the following:
