Nov 3 (Reuters) - Fintech firm CompoSecure ( CMPO ),

backed by former Honeywell CEO David Cote, is set to buy Husky

Technologies from Platinum Equity for roughly $5 billion

including debt, the Wall Street Journal reported on Monday.

The Husky deal will be partly funded by a roughly $2

billion PIPE, or private investment in public equity, that is

expected to be offered at $18.50 per share of CompoSecure ( CMPO ) common

stock, the report added, citing people familiar with the matter.

Founded in 1953, Husky delivers injection molding

systems and services to the plastics industry, with more than

4,300 employees in 35 locations worldwide, according to its

website. Platinum bought Husky from Berkshire Partners and Omers

Private Equity for about $4 billion in 2018.

Fintech firm CompoSecure ( CMPO ), founded in 2000, is a maker of

metal cards. It serves more than 150 payment card programs.

Last year, an investment firm led by Cote and former

Goldman Sachs executive Tom Knott acquired a majority stake in

CompoSecure ( CMPO ), with Cote becoming executive chairman after the

deal closed.

Cote's family office already holds around $1.1 billion

invested in CompoSecure ( CMPO ) that will be incorporated into the deal,

and Platinum will roll over about $1 billion to keep a little

less than a 20% stake in the combined business, the report said.

CompoSecure ( CMPO ), Husky Technologies and Platinum Equity did

not immediately respond to Reuters requests for comment.

Reuters could not immediately verify the report.

(Reporting by Abu Sultan in Bengaluru; Editing by Devika

Syamnath)