Kirkland & Ellis International LLP is advising private equity firm CCMP Capital in a major £505m acquisition that was announced today.
CCMP Capital, through affiliates of CCMP Capital Advisors LLC and CCMP Capital Asia, Ltd., premier international private equity firms, reached agreement with The Linde Group, the global gases company, to acquire BOC Edwards, a leading manufacturer of vacuum equipment. The deal is valued at €685m (£460m), with an additional payment of €65m (£45m) if CCMP Capital is successful in developing the business and subsequently exiting its investment.
BOC Edwards is a leading global supplier of equipment and services to the world’s most advanced industries, including semiconductor, flat panel display, chemical, metallurgical, analytical instrumentation and R&D. It supplies major manufacturers in Asia, Europe and the Americas through a worldwide manufacturing and sales network.
Kirkland London partner Graham White is leading the deal team for CCMP. This is a multi-jurisdictional deal in 19 countries. The financing work is being done in the U.S.
The Kirkland team also included London partners Raymond McKeeve, Rory Mullarkey and Pierre-Andre Dubois along with London associates Philip Crump, Ross Allardice, Chris Kennedy, Nicola Wiles, Sophie Allen, Pierfrancesco Carbone, Frank Webster and legal assistant Richard Lee.
The Kirkland New York team is led by partners Kirk Radke, Geoffrey Levin and Jason Kanner.
Kirkland & Ellis LLP is a 1,300-attorney law firm representing global clients in complex corporate, restructuring, tax, litigation, dispute resolution and arbitration, and intellectual property and technology matters. The Firm has offices in London, Chicago, Hong Kong, Los Angeles, Munich, New York, San Francisco and Washington, D.C.