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Centre Lane Partners acquires Global Machine and Workholding Businesses of Hardinge Inc.

PRIVATESep 19, 2024

Acquiring Company

Centre Lane Partners

Acquired Company

Kellenberger

New YorkGoldachCity Of ElmiraFinancial ServicesFinanceVenture CapitalAngel InvestmentManufacturingManufacturing

Description

Hardinge Inc. has successfully completed transactions to sell substantially all of its global machine businesses and workholding businesses to affiliates of Centre Lane Partners. The go-forward businesses, Kellenberger and Forkardt Hardinge, will now operate as separate entities under Centre Lane’s ownership with the necessary capital and operational flexibility to invest in growth and better serve their global customer bases.

Quick answer

Centre Lane Partners is acquiring Kellenberger and Forkardt Hardinge, announced September 19, 2024. Centre Lane Partners is based in New York, New York, United States.

How much did Centre Lane Partners pay for Kellenberger?
The deal value was not disclosed.
What does Centre Lane Partners do?
Founded in 2007, Centre Lane Partners is a private investment firm that invests in the equity and debt of middle market companies in North America.
Where are Centre Lane Partners and Kellenberger based?
Centre Lane Partners is based in New York, New York, United States. Kellenberger is based in Goldach, St. Gallen, Switzerland.
Who are the decision-makers at Centre Lane Partners?
Fundz holds 1 contact at Centre Lane Partners. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Centre Lane Partners

Location

New York, New York, United States

About

Founded in 2007, Centre Lane Partners is a private investment firm that invests in the equity and debt of middle market companies in North America. Centre Lane employs a flexible strategy that approaches complex situations with a solutions orientation. Centre Lane has an experienced, collaborative and diverse team, and seeks to partner with strong management teams that can benefit from patient, long-term capital and Centre Lane's operational, financial and strategic expertise and support.

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Frequently asked

Who acquired Kellenberger?

Kellenberger was acquired by Centre Lane Partners, based in New York. The deal was reported on September 19, 2024. Founded in 2007, Centre Lane Partners is a private investment firm that invests in the equity and debt of middle market companies in North America. Centre Lane Partners is privately held and operates in Financial Services.

When did Centre Lane Partners acquire Kellenberger?

Centre Lane Partners's acquisition of Kellenberger was reported on September 19, 2024. Hardinge Inc. has successfully completed transactions to sell substantially all of its global machine businesses and workholding businesses to affiliates of Centre Lane Partners. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Kellenberger do?

Kellenberger is a leading international provider of advanced metal-cutting solutions. The Company provides a full spectrum of highly reliable CNC turning, milling, and grinding machines. It is privately held, operating in Manufacturing, and is based in Goldach.

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