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Hellman & Friedman to acquire Goodman Global23/10/2007. Source: AltAssets. 
 US private equity firm Hellman & Friedman has agreed to acquire Goodman Global, a manufacturer of residential and light commercial heating, ventilation and air-conditioning equipment in an all-cash transaction valued at approximately $2.65bn.
Under the terms of the agreement, Goodman stockholders will receive $25.60 in cash for each outstanding share of stock upon the closing of the transaction.
Philip Hammarskjold, managing director of Hellman & Friedman, said, 'Goodman is uniquely positioned in its markets. Through best-in-class operations, the company has demonstrated an ability to deliver both outstanding value to the dealer community and exceptional performance to its shareholders. We are looking forward to partnering with the management team and being a resource for the continued growth of the business.'
Hellman & Friedman is currently investing its sixth partnership, Hellman & Friedman Capital Partners VI, with over $8bn of committed capital.
Other recent investments include Catalina Marketing Corporation, Kronos Incorporated, Sheridan Healthcare, Gartmore Investment Management, IRIS Software Group, LPL Holdings, DoubleClick, The Nasdaq Stock Market and Texas Genco.
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