Press Release

Kirkland & Ellis Advises Schrader International in Sale to Sensata Technologies B.V. for $1.0 Billion

Kirkland & Ellis LLP advised Schrader International in its sale of the Schrader group of companies to Sensata Technologies B.V., a wholly owned indirect subsidiary of Sensata Technologies Holding N.V. (NYSE: ST), for a total enterprise value of $1.0 billion.  Schrader is a global leader in tire pressure monitoring sensors and valves, and has been owned by long-term Kirkland client, Madison Dearborn Partners, LLC.  The transaction is subject to regulatory approval and other customary approvals. It is expected to close not later than the fourth quarter of 2014. The Kirkland team was led by corporate partners Richard Campbell and Jon-Micheal Wheat. Both are based in Chicago.

To read more about this transaction, please click here.