CHICAGO (December 19, 2013) — International law firm McDermott Will & Emery LLP represented Actuant Corporation (NYSE:ATU), a diversified industrial company, in connection with the sale of its Electrical Segment for $258 million in cash to an affiliate of Sentinel Capital Partners. The sale price is subject to working capital and other post-closing adjustments.
Founded in 1910, the Actuant businesses are recognized as global leaders in a wide range of niche markets, including branded hydraulic tools and solutions; specialized products and services for energy markets; and highly engineered position and motion control systems.
The deal, which was announced on December 13, 2013, involved an internal reorganization of the business and the transfer of entities and assets located in multiple jurisdictions, including New Zealand, China, Canada, Mexico and the Netherlands.
“We are very proud to have played a role in assisting our long-term client, Actuant, complete this important transaction,” said John Tamisiea, a Corporate partner and lead attorney on the deal for McDermott. “As Actuant continues to execute its acquisition strategy, we are delighted to advise them on their legal needs to achieve business success.”
In addition to Mr. Tamisiea, the McDermott deal team included partners Ryan Harris, Cole Parker, Daniel Zucker, Nancy Gerrie, Maureen O’Brien, Carla Hine and John Hammond, with valuable assistance from Ann Kladis.
McDermott’s Mergers & Acquisitions Practice Group represents a wide spectrum of publicly and privately-held businesses, from Global 50 companies to venture backed start-ups, as well as private equity funds and investment banks. As a globally integrated team, the Firm’s lawyers manage complex transactions with components in multiple jurisdictions throughout the world.
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,100 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, D.C. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai.