Clyde Blowers Capital sells Clyde Union Pumps for £750m
Industrial investment company Clyde Blowers Capital has sold its Scottish portfolio company Clyde Union Pumps to American Fortune 500 company SPX Corporation for ТЃ750m.
Of the purchase price, £700m represents cash to be paid at completion, while £50m is subject to an earn-out.
Company
Glasgow-based Clyde Union Pumps is a major international pump company specialising in pump technology, hydraulic design and engineering.
People
Jim McColl, chairman and CEO, led the deal for Clyde Blowers Capital, supported by managing partner Keith Gibson and group legal director Shauna Powell.
Advisers
Equity - Dundas & Wilson, Graeme Bruce (Legal).
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