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Honeywell agreed to acquire pump and gas compressor maker Sundyne from private equity firm Warburg Pincus in an all-cash deal valued at $2.16 billion, about 14.5x 2024 EBITDA. The deal will expand Honeywell's Energy and Sustainability Solutions segment.
Private credit funds are reportedly in talks to provide up to $2.5bn of financing for a sale of US metal packaging maker Trivium Packaging, which could be worth more than $3.5bn, according to Bloomberg sources.
Australian packaging company Amcor is reportedly in advanced talks to acquire U.S. rival Bemis, which had a market value of about $4.20 billion; a deal could be announced as soon as the following week.