Bain Capital’s Apex Tool Sale Efforts Hit Snag Over Valuation

Sale talks between Bain Capital and Wanxiang Group Corp.for the private equity company’s Apex Tool Group are stalling, according to people with knowledge of the matter.

The parties are struggling to agree on a valuation for the power tools maker, said one of the people, who asked not to be identified because the talks are private. Boston-based Bain put the company up for sale last year amid a surge in homebuilding and renovations, and has been in discussions with the Chinese conglomerate about a deal that could value Apex at $2 billion to $2.5 billion, Bloomberg previously reported.

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