<p>Kirkland & Ellis LLP is representing funds advised by Apax Partners LLP, a leading global private equity advisory firm, on its pending acquisition of 3M’s (NYSE: MMM) electronic monitoring business, a global provider of electronic monitoring technologies, for $200 million (subject to closing and other adjustments). 3M’s electronic monitoring business, formerly known as Attenti, has annual sales of approximately $95 million and serves hundreds of national, federal, state, and local correctional and law enforcement agencies around the world. The transaction is subject to customary closing conditions. Further information is available here.
The Kirkland team was led by corporate partner Dvir Oren and associate Gilad Zohari; technology & IP transactions partner Matthew Lovell and associate Ashley Eisenberg; and international trade partner Mario Mancuso and associate Lucille Hague.