Source: IHS Jane's 360

Arcline Investment Management: Naval engine builder Fairbanks Morse to get new owner

US industrial conglomerate EnPro Industries is selling naval engine builder Fairbanks Morse to private equity fund Arcline Investment Management for USD450 million in cash. EnPro said the sale, announced last month, will get it out of the power systems business and enable it to focus on its sealing

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Rajeev Amara

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Arcline is a private equity firm that provides investment solutions for university endowments, sovereign wealth funds and charitable foundations. Read more