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KPS Capital Completes Acquisition of Innomotics for €3.5 Billion
- Client News
- October 1, 2024
Paul, Weiss advised KPS Capital Partners, LP in its acquisition, via a newly formed affiliate, of Innomotics GmbH from technology company Siemens AG for an enterprise value of €3.5 billion. Headquartered in Nuremberg, Germany, Innomotics is a leading global supplier of mission-critical electric motor and large drive systems, employing approximately 15,000 people and operating 16 factories across the EMEA, Americas and Asia-Pacific regions.
The Paul, Weiss team was led by London-based corporate partners Neel Sachdev, Will Aitken-Davies, Matthew Merkle and Rohan Dey, alongside New York-based partners Angelo Bonvino and Cullen Sinclair, and included partners Deirdre Jones, Kanesh Balasubramaniam, Manuel Frey and Suhan Shim and counsel Nathan Mitchell and Arik Hirschfeld; tax partners Timothy Lowe and Robert Killip and counsel Jamie Chambers and Samir Kurani; intellectual property partners John Patten and Charles Googe and counsel Alex Zapalowski; executive compensation partner Andrea Wahlquist Brown and counsel Jake Glazeski; litigation partners John Carlin and Aidan Synnott and counsel Daniel Levi; real estate partner Peter Fisch; antitrust partners Annie Herdman and Marta Kelly, and counsel Yuni Sobel, Chad de Souza, John Magruder and Todd Hahn; and environmental counsel William O’Brien.