Deal Description: May 16, 2019 - Colfax Corporation (“Colfax”) (NYSE: CFX), a leading diversified technology company, announced that it has signed a definitive agreement to sell Howden, its Air and Gas Handling business, to KPS Capital Partners, LP (“KPS”) for an enterprise value of $1.80 billion, including $1.66 billion in cash consideration and $0.14 billion in assumed liabilities and minority interest, subject to customary closing adjustments.
Baker Botts advised on all merger control aspects of the deal globally. Completion of the transaction is expected in the second half of 2019 and is subject to customary closing conditions and approvals.
Baker Botts and Kirkland & Ellis LLP acted as legal advisors to Colfax. Goldman Sachs & Co. LLC acted as lead financial advisor to Colfax. Barclays Capital Inc., HSBC Securities (USA) Inc. and BNP Paribas Securities Corp. also acted as financial advisors to Colfax.
Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to KPS. J.P. Morgan Securities LLC and RBC Capital Markets acted as financial advisors to KPS.
Baker Botts Lawyers/Office Involved:
Antitrust: Catriona Hatton (Partner, Brussels); Michael Bodosky (Special Counsel, Washington D.C.); Adam Dawson (Senior Associate, Brussels); Sofia Doudountsaki (Associate, Brussels); Roxane Tonnelier (Associate, Brussels)
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