Kirkland & Ellis has advised global private equity firm Bain Capital in its acquisition of ASIMCO Technologies Limited and its 11 wholly owned and joint venture companies in China from Key Principal Partners (KPP) and co-investors. Financial terms of the private transaction were not disclosed.
ASIMCO is the largest independent producer of diesel engine components in China, with market-leading positions in piston rings, fuel systems, blocks and heads, air brake compressors, starters and camshafts. As the first global automotive components company with origins in China, ASIMCO supplies high-quality and competitively priced products to the commercial vehicle and passenger car markets in China and globally.
The global Kirkland team included corporate partners Jesse Sheley and David Patrick Eich in Hong Kong, XY Li in Shanghai, Keith Villmow and Mike Carew in Chicago, consultant Jing Li in Shanghai and associate Pierre-Luc Arsenault in Hong Kong.
About Kirkland's Asia Practice
Kirkland focuses on complex transnational transactions throughout Asia for private equity funds and strategic acquirers. The Asia team of 18 private equity lawyers in Hong Kong and Shanghai has extensive experience advising more than 25 private equity funds in their Asian LBOs, PIPEs, joint ventures, growth equity investments, RMB and offshore fund formations, restructurings and other complex transactions in Australia, China, Hong Kong, India, Japan, Korea, Macau, Singapore, Taiwan, Thailand and other Asian countries. The Asia team is bolstered by numerous lawyers from the Firm's U.S. and European offices with extensive Asian deal experience and cultural ties.
About Kirkland & Ellis LLP
Kirkland & Ellis LLP is a law firm with approximately 1,500 lawyers representing global clients in complex private equity, corporate and tax, litigation and dispute resolution/arbitration, restructuring, and intellectual property and technology matters. The Firm has offices in Chicago, Hong Kong, London, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.