American Securities’ Acquisition of Conair

Paul, Weiss advised Conair Corporation on the deal.

Conair Corporation, a global leader in premium kitchen electric appliances, non-electric kitchenware and personal care and beauty products, completed the sale of its business to affiliates of American Securities LLC.

Under the terms of the transaction, certain members of the Rizzuto family retained a minority ownership in Conair. Financial terms were not disclosed. Conair’s iconic brands include Cuisinart®, Conair®, Babyliss®, Scunci® and Waring®.

Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billionand/or $50 million to $250 million of EBITDA. 

The Paul, Weiss team included corporate partners Carl Reisner (Picture), Ariel Deckelbaum, Thomas de la Bastide, David Huntington and Eric Goodison and counsel Erika Detjen, David Sobel, David Epstein and Jason Tyler; tax partner David Mayo; litigation partners Aidan Synnott, Daniel Kramer and Lewis Clayton and counsel Steven Herzog; executive compensation partner Andrew Gaines and counsel Uri Horowitz; intellectual property partners Charles Googe and Claudine Meredith-Goujon; real estate partner Peter Fisch; and antitrust counsel Marta Kelly. 

Involved fees earner: Lewis Clayton – Paul Weiss Rifkind Wharton & Garrison; Thomas de la Bastide – Paul Weiss Rifkind Wharton & Garrison; Ariel Deckelbaum – Paul Weiss Rifkind Wharton & Garrison; Erika Detjen – Paul Weiss Rifkind Wharton & Garrison; David Epstein – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Eric Goodison – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Uri Horowitz – Paul Weiss Rifkind Wharton & Garrison; David Huntington – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Daniel Kramer – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Carl Reisner – Paul Weiss Rifkind Wharton & Garrison; David Sobel – Paul Weiss Rifkind Wharton & Garrison; Aidan Synnott – Paul Weiss Rifkind Wharton & Garrison; Jason Tyler – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Conair Corporation;

Author: Martina Bellini