Irving Place Capital buys Thermadyne for $422M

By Barry Whyte — 5 years ago

Irving Place Capital agreed to acquire Thermadyne Holdings, a manufacturer of metal cutting and welding products based in St Louis, MO, for a total transaction value of $422 million. Shareholders will receive $15 per share in cash. Irving Place Capital was formed in 1997 and has invested in more than 50 companies since then. It has $4.0 billion of equity capital, including its current $2.7 billion institutional fund.