River Associates Sells Coining
May 10, 2011- Share:
River Associates Investments has sold Coining Holding Company to AMETEK (NYSE: AME) for $148 million, generating a gross IRR of 76% and a return of more than 6x its original investment. Coining manufactures custom-shaped metal preforms, microstampings and bonding wire solutions for interconnect applications in microelectronics packaging and assembly. River Associates acquired a controlling stake in the company in August 2007.
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