McDermott Advises KPS Capital Partners on Sale of Genesis Attachments

Overview


McDermott Will & Emery advised US private equity investment firm KPS Capital Partners on German law aspects of the sale of Genesis Attachments, LLC to NPK Construction Equipment, Inc., a subsidiary of Nippon Pneumatic Mfg. Co.. Financial terms of the transaction were not disclosed.

Genesis Attachments is a global leading producer of high-quality hydraulic mobile shears, specialty demolition attachment tools, grapples, concrete processors and associated aftermarket parts, headquartered in Superior Wisconsin, USA, and a subsidiary in Memmingen, Germany.

KPS Capital Partners, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately USD 5.0 billion of assets under management (as of March 31, 2019).

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as lead counsel. The McDermott team advising on all aspects of German law in connection with the transaction was led by Tobias Koppmann and included Nina Siewert, Henrik Holzapfel, Marcus Fischer, Matthias Weingut and Robert Feind.

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