Bain Capital has acquired Apex Tool Group, a tools manufacturer, from Danaher (NYSE: DHR) and Eaton (NYSE: ETN) in a transaction valued at approximately $1.6 billion. Based in Sparks, MD, Apex makes industrial hand and power tools, tool storage, drill chucks, chain and electronic soldering products for industrial, commercial and do-it-yourself applications. Financing for the transaction was provided by Barclays, Goldman Sachs, Morgan Stanley, RBC Capital Markets, Citigroup and Deutsche Bank.
