Kirkland & Ellis advised Tenneco Inc. (NYSE: TEN), a leading designer, manufacturer and distributor of Ride Performance and Clean Air products and technology solutions, in its definitive agreement to acquire Federal-Mogul, a leading automotive parts supplier to original equipment manufacturers and the aftermarket. The $5.4 billion acquisition will be funded through cash and Tenneco equity. The acquisition is expected to close in the second half of 2018, subject to regulatory and shareholder approvals and other customary closing conditions. Read more about the transaction in the Tenneco press release.
The Kirkland team was led by corporate partners Scott Falk, John Kupiec and Maggie Flores, and associates Robert Tufo, Andrew Struckmeyer and Katherine Gause; executive compensation partner Michael Falk and associate Kirk Porter; tax partner Dean Shulman and associates Adam Kool and Max Gektin; restructuring partner Adam Paul and associate Bryan Uelk; litigation partner Lisa Esayian; and antitrust and competition partners James Mutchnik and Sarah Jordan and associate Annie Herdman.