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PE-backed Hillman Companies completes Paulin takeover

20 Feb 2013

toronto night_sqOak Hill Capital-backed The Hillman Companies has completed the acquisition of fasteners maker H. Paulin & Co for $27.60 per share, valuing the fastener maker at nearly $91m.

Paulin – which is headquartered in Toronto – is now expected to delist from the Toronto Stock Exchange on February 25 this year.

US-based Hillman is a distributes 80,000 stock keeping units (SKUs) including fasteners, key duplication systems and engraved tags to over 20,000 customers around the globe.

Oak Hill Capital , which acquired Hillman in May 2010, manages funds with more than $8bn of committed capital.

Back in December last year Oak Hill and ABRY Partners agreed to sell all of the shares of US cable provider Atlantic Broadband to Cogeco, the Canadian media and communications business.

In November Oak Hill and GI Partners made substantial investments in US fibre optic and broadband services company WaveDivision Holdings as part of a $1.052bn financing.

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