Cole-Parmer plans new loan financing via Jefferies for buyout by GTCR

By Sara Rosenberg

New York, Sept. 26 – Cole-Parmer Instrument Co. is planning on getting a new loan to help fund the acquisition of a majority stake in the company by GTCR, according to a market source.

Jefferies LLC is the lead bank on the deal.

Closing is expected in the fourth quarter.

Upon closing, Golden Gate Capital and management will retain a significant minority stake in the company.

Cole-Parmer is a Vernon Hills, Ill.-based provider of fluid handling, test & measurement, environmental and biosciences instrumentation and associated consumables.

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