(Reuters) - Onex Corp and Canada Pension Plan Investment Board (CPPIB) said they would sell Gates Corp to private equity firm Blackstone Group LP for $5.4 billion.
Gates is a division of Tomkins, which Onex and CPPIB jointly bought in 2010 for about $5 billion.
The sale is expected to close later this year, the companies said.
(Reporting By Sneha Banerjee in Bangalore)
