- BMO Capital Markets Corp. is serving as financial advisor to Arcline in connection with the offer while Bass, Berry & Sims PLC is serving as legal advisor
- Based in San Francisco, Arcline was established in September 2018
- The firm has $8.9 billion of cumulative capital commitments
Arcline Investment Management has made a proposal to acquire Burlington, Massachusetts-based CIRCOR International, an industrial valve manufacturer, in a take-private deal for $57 per share.
Arcline’s bid surpasses KKR’s offer to acquire CIRCOR for $51 per share.
According to the news release announcing Arcline’s proposal, the bid “will expire automatically” if the CIRCOR board does not declare it to be a “superior proposal” versus KKR’s bid no later than June 29, 2023 at 8 pm ET.
BMO Capital Markets Corp. is serving as financial advisor to Arcline in connection with the offer while Bass, Berry & Sims PLC is serving as legal advisor.
Based in San Francisco, Arcline was established in September 2018. The firm has $8.9 billion of cumulative capital commitments.