Hayward Industries taps four banks to finance buyout by CCMP and MSD

By Sara Rosenberg

New York, June 19 – Hayward Industries Inc. plans on getting new financing led by Bank of America, Jefferies, Morgan Stanley and Nomura to help fund its acquisition by a partnership led by CCMP Capital Advisors LP and MSD Partners LP, and including the Alberta Investment Management Corp., according to a news release.

Closing is expected in the third quarter, subject to customary conditions.

Hayward is an Elizabeth, N.J.-based manufacturer of residential and commercial pool equipment.

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