SAN FRANCISCO A team from Gibson Dunn’s Los Angeles office is advising beverage carbonation company NuCO2 Inc. on its $1.1 billion all cash sale to industrial gas company Praxair Inc.
Danbury, Conn.-based Praxair is buying the Stuart, Fla.-based NuCO2 from the private equity firm Aurora Capital Group. The Los Angeles-based Aurora took NuCO2 private in 2008 in a buyout then valued at $487 million. This deal marks a return of more than double that investment.
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