Kirkland Represents Ingersoll Rand on its Binding Offer to Acquire Precision Flow Systems From Funds Advised by BC Partners and Carlyle for $1.45 Billion

Kirkland & Ellis advised Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, on its binding offer to acquire Precision Flow Systems (“PFS”) from funds advised by BC Partners Advisors L.P. and The Carlyle Group (NASDAQ:CG) for $1.45 billion. PFS is a leading provider of fluid management systems with world class brands serving mission critical applications including water, agriculture, food and beverage, pharmaceuticals and process industries. The acquisition is expected to close in mid-2019 and is subject to regulatory approval.

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The Kirkland team was led by transactional partners Peter Martelli and Carlo Zenkner and associate Kristin Rulison; technology & IP transactions partner Matthew Lovell and associate Jeffrey Seroogy; tax partner Benjamin Schreiner and associate Tara Rhoades; and executive compensation partner Jennifer Pepin and associate Frances Tompson.