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KPS Capital to Acquire Innomotics for €3.5 Billion
- Client News
- May 16, 2024
Paul, Weiss is advising 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 transaction is expected to close in the last quarter of 2024 or first quarter of 2025, subject to customary closing conditions and approvals.
The Paul, Weiss team was led by London office partners Neel Sachdev, Will Aitken-Davies and Matt Merkle alongside New York office partners Angelo Bonvino and Cullen Sinclair, and included partners Kanesh Balasubramaniam, Deirdre Jones and Manuel Frey, and counsel Rohan Dey and Nathan Mitchell; tax partners Timothy Lowe and Robert Killip, and counsel Jamie Chambers; intellectual property partners John Patten and Charles Googe, and counsel Alex Zapalowski; executive compensation partner Andrea Wahlquist Brown; litigation partners John Carlin and Aidan Synnott, and counsel Daniel Levi; real estate partner Peter Fisch; antitrust counsel Yuni Sobel and Chad de Souza; and environmental counsel William O'Brien.