Kirkland Represents MidOcean Partners on $1 Billion Sale of Water Pik

Kirkland & Ellis LLP represents MidOcean Partners, a premier middle market private equity firm focused on consumer and business services, on its definitive agreement, along with Vulcan Capital and other investors, to sell Water Pik, Inc., a leading innovator, marketer and distributor of branded oral health products and replacement showerheads, to Church & Dwight Co., Inc., (NYSE: CHD), a global producer and marketer of personal care, household and specialty products under the Arm & Hammer brand name and other well-known trademarks, for $1 billion in cash. The transaction, which was announced today, is expected to close in the third quarter of 2017, subject to customary closing conditions and regulatory approvals. More information on the deal is available here.

The Kirkland team was led by corporate partners Mark Director and Andrew Herman, with assistance from corporate partner George Stamas and associate Justin Roland, along with tax partners Thomas Evans and Michael Krasnovsky, executive compensation associate Kirk Porter, employee benefits partner Matthew Antinossi and environmental transactions partner Stefanie Gitler.