Kirkland advised funds advised by Centerbridge Partners, L.P., a leading private investment firm, on its agreement to acquire American Bath Group, LLC (“ABG”), a leading manufacturer of showers, bathtubs, and related accessories. The ABG management team will continue to own a significant position in the business. ABG provides a comprehensive offering of bathware products, including showers, integrated tub / showers, bathtubs, shower bases, jetted whirlpools, and spas through a broad portfolio of well-recognized brands. The transaction is expected to close in the fourth quarter of 2020 and is subject to customary closing conditions and approvals.
Read the press release from Centerbridge Partners
The Kirkland team was led by transactional partners Steven Napolitano, Maggie Flores and Robert Pohlus, debt finance partners Judson Oswald and Omar Raddawi, tax partners Mike Beinus and Polina Liberman, environmental transactions partner Alexandra Farmer, capital markets partners Joshua Korff and Tim Cruickshank, and executive compensation partner Michael Krasnovsky.