Bain Capital To Buy $266M China Fire

Amber Parent, an affiliate of Bain Capital Partners and Amber Mergerco, will acquire fired protection business, China Fire & Security. The buyer will pay around $265.5 million for the Beijing-based company.

The transaction, which is expected to be completed before November 15, 2011, requires approval from holders with at least 75% of the outstanding shares and 50% of the outstanding shares held by disinterested shareholders. Underwriters, Bank ofAmerica, Citibank and the HSBC, have agreed to provide financing for the deal.

Click here for the release from Globe Newswire.