Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
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.