Griffon Corporation Announces Closing of Joint Venture with ONCAP to Combine AMES North America and Venanpri Tools
Griffon Corporation closed the joint venture of its AMES North America businesses with ONCAP’s Venanpri Tools, forming Veritage Brands. Griffon received $100 million in cash and $161 million in second lien debt, while retaining a 43% equity stake in the new entity.
Key figures
- Second lien debt
- 161000000
- Cash consideration
- 100000000
- Oncap equity interest
- 57%
- Griffon equity interest
- 43%
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