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Warburg Pincus to buy Duravant

Private equity firm, Warburg Pincus, has announced the acquisition of Illinois-based Duravant LLC, an automation and engineered equipment company which serves the food processing, packaging and material handling sectors, according to PE Hub. Financial terms of the deal, which is expected to close in the third quarter of this year, remain undisclosed. The seller is Odyssey Investment Partners. Jefferies LLC and Robert W. Baird & Co acted as financial advisers to Duravant, while William Blair & Company, LLC, served as financial adviser to Warburg Pincus.


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