China’s Wanxiang Group in Talks to Buy Apex Tool Group From Bain
- Potential deal could value Apex Tool at up to $2.5 billion
- Buyout firm had acquired the power tools maker in 2013
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Chinese conglomerate Wanxiang Group Corp. is in talks to acquire power-tools manufacturer Apex Tool Group from Bain Capital, according to people familiar with the matter.
A potential deal could value the U.S.-based Apex at about $2 billion to $2.5 billion, the people said, asking not to be identified because the deliberations are private.