KPS Capital Partners’ $1.8 Billion Acquisition Of Air And Gas Handling Business

Kirkland & Ellis advised Colfax Corporation (NYSE: CFX) on its agreement to sell its Air and Gas Handling business to KPS Capital Partners, LP for an enterprise value of $1.8 billion.

Colfax Corporation is a leading diversified technology company, agreed to sell its Air and Gas Handling business to KPS Capital Partners, LP (“KPS”) for enterprise value of $1.80 billion, including $1.66 billion in cash consideration and $0.14 billion in assumed liabilities and minority interest, subject to customary closing adjustments.

Goldman Sachs & Co. LLC acted as lead financial advisor, and Kirkland & Ellis LLP as legal advisor, to Colfax. Barclays Capital Inc., HSBC Securities (USA) Inc. and BNP Paribas Securities Corp. also acted as financial advisors to Colfax.

The Kirkland team was led by transactional partners David Feirstein (Picture) and Daniel Wolf and associates Laura Umbrecht and Alyssa McAnney; and tax partner Dean Shulman and associate Tristan Evans-Wilent.

Involved fees earner: Tristan Evans-Wilent – Kirkland & Ellis; David Feirstein – Kirkland & Ellis; Alyssa McAnney – Kirkland & Ellis; Dean Shulman – Kirkland & Ellis; Laura Umbrecht – Kirkland & Ellis; Daniel Wolf – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Colfax Corporation;