Robertshaw Sold to Bain, One Rock, Eaton Vance and Canyon

A Texas bankruptcy judge approved the sale of appliance parts maker Robertshaw to a group of lenders that includes Bain Capital, Eaton Vance Management, Canyon Capital Advisors and private equity owner One Rock Capital Partners.

• Judge Christopher Lopez said Friday that he’d approve the sale which was in the form of a credit bid, meaning the lenders acquired Robertshaw in exchange for debt forgiveness
  • One Rock, which owned Robertshaw before Chapter 11 and owned company debt, will own about 12.5% of the business following the sale, according to court documents
• Lopez said he’d approve the sale a ...