Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
KPS Capital Sells Crenlo to Angeles Equity Partners
- Client News
- November 5, 2019
Paul, Weiss advised KPS Capital Partners, LP in its sale of Crenlo Cab Products, LLC to Angeles Equity Partners, LLC. Crenlo, a unit of KPS’s International Equipment Solutions, LLC, subsidiary, is a leading independent manufacturer of operator cabs, locomotive sub-assemblies, electronic enclosures and other complex fabrications in North America and South America. Financial terms of the completed transaction were not disclosed.
Following the sale of Crenlo, KPS has now sold all business units of IES. KPS sold IES' Attachments division to Stanley Black & Decker in March 2019. KPS sold Genesis to NPK Construction Equipment in May 2019. Paul, Weiss advised KPS on all three transactions.
The Paul, Weiss team included, among others, corporate partner Angelo Bonvino and counsel Ji Lu and Nathan Sawyer; litigation partners Aidan Synnott and Jeannie Rhee; tax partner David Mayo; employee benefits counsel Uri Horowitz; real estate partner Peter Fisch; intellectual property partner Claudine Meredith-Goujon and counsel Jonathan Ashtor; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.