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 to Sell Attachments Division of International Equipment Solutions to Stanley Black & Decker
- Client News
- August 7, 2018
Paul, Weiss is representing International Equipment Solutions, LLC (IES), a portfolio company of KPS Capital Partners, LP, in the sale of its attachments division to Stanley Black & Decker, Inc. for $690 million. KPS will retain ownership of the cabs division of IES. IES Attachments is a major independent manufacturer of attachment tools for off-highway applications. Completion of the transaction is subject to customary closing conditions and approvals.
The Paul, Weiss team includes, among others, corporate partner Angelo Bonvino and counsel Ji Lu and Richard Elliott; tax partner David Mayo; litigation partners Aidan Synnott and Allan Arffa; employee benefits partner Robert Fleder and counsel Uri Horowitz; real estate partner Peter Fisch; intellectual property counsel Jonathan Ashtor; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.