Bain Completes Bath & Kitchens Buyout

Bain Capital has completed its acquisition of the Bath and Kitchens products business of American Standard Companies Inc. (NYSE: ASD). The total deal was valued at just under $1.76 billion, with Bank of America and Credit Suisse providing leveraged financing. Lazard advised ASD on the sale, while Bain was being advised by Lehman Brothers.

PRESS RELEASE
American Standard Companies Inc. (NYSE:ASD) today announced completion of the sale of its global Bath and Kitchen products business to funds advised by Bain Capital Partners, LLC, a leading private investment firm, for $1.745 billion including closing adjustments.  A definitive sales agreement had been announced on July 23, 2007. 

The Bath and Kitchen products business had 2006 sales of $2.4 billion, 26,000 employees and production facilities in 23 countries worldwide.  The business manufactures and markets industry-leading products under brand names such as American Standard