Kirkland Advises KKR-Backed CIRCOR on Sale of CIRCOR Aerospace

Kirkland & Ellis advised KKR and CIRCOR International, a global manufacturer of flow control products for industrial, naval and aerospace markets, on a definitive agreement to sell CIRCOR Aerospace, the company’s aerospace division, to Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, for $2.55 billion. Funds managed by KKR first acquired CIRCOR for $1.8 billion in 2023 and will maintain ownership of CIRCOR’s Naval and Industrial businesses.

Read the transaction press release

The Kirkland team included corporate lawyers Jennifer Perkins, Andrew Arons, Steven Choi, Julianna Nester, Sophie Chalet and Zach Burgess; debt lawyers Adam Shapiro, Taylor Andrews and Taylor Carman; tax lawyers Mike Beinus, Vivek Ratnam and Jeremy Miller; technology & IP transactions lawyers Shellie Friedman, Joanna Schlingbaum and Michelle Kelrikh; antitrust & competition lawyers Stephen Mohr, Ian John, and Ben Feis; and executive compensation lawyers Scott Price and Dave Branham.