In a transaction announced November 19, 2012, Kirkland & Ellis LLP represented private equity firm American Industrial Partners in its acquisition of the U.S. subsidiaries of Hampson Industries PLC, a UK public company. The investment is comprised of five operating divisions with a total of approximately $210 million in sales, approximately 1,140 employees and 10 manufacturing facilities located in California, Michigan and Texas that have unique product offerings and capabilities to serve the global aerospace market. The subsidiaries are Odyssey Industries, LLC; Global Tooling Systems, LLC; Coast Composites, LLC; Composites Horizons, LLC and Texstars, LLC. The acquisition was made through a UK 'pre-pack', shortly after the appointments of Simon Kirkhope and Chad Griffin of FTI Consulting as administrators of Hampson Industries PLC.
New York partner Michael Edsall led the transaction, with assistance from restructuring partners Partha Kar and Graham Lane in the London office and David Eaton in the Chicago office, and tax partners Tom Evans and Thad Davis, associates Jifree Cader, Kim Harkness, Bryan Robson and Erik Stegerhoek.
For more information please click here.