Kohlberg & Company, L.L.C.’s Acquisition of Cadence, Inc.


Piper Jaffray is serving as exclusive financial advisor to Cadence on the transaction. DLA Piper LLP (US) is serving as legal advisor to Cadence. Baird is serving as financial advisor, and Ropes & Gray LLP is serving as legal advisor to Kohlberg in connection with the transaction.

Cadence Inc. signing of a definitive agreement to be acquired by Kohlberg & Company, a leading private equity firm based in Mount Kisco, New York.

Alan Connor, Cadence’s President & CEO, will continue to lead the Company and its management team will remain in place.

Cadence is a leading provider of end-to-end design, engineering, and manufacturing services for its customers across the entire product lifecycle. The Company innovates and manufactures highly engineered metal and plastics subassemblies and finished devices for its customer base of leading medical device and specialty industrial companies across the endoscopy, minimally invasive orthopedics, laparoscopy, robotics, life science, and specialty industrial end-markets worldwide.

Backed by the financial strength of Kohlberg’s private equity funds, it is expected that the acquisition will accelerate the expansion of Cadence’s capabilities and its ability to serve customers in all of their core locations.

Kohlberg plans to maintain current operations, allowing Cadence’s long-standing tradition of design, development, and manufacturing excellence to continue unimpeded.

Ropes & Gray represented Kohlberg & Company, L.L.C. with a team including private equity partner William Shields (Picture), finance partner Sunil Savkar, benefits partner Jennifer Rikoski and private equity associate Ted Schmadeke.

Involved fees earner: William Shields – Ropes & Gray; Ted Schmadeke – Ropes & Gray; Sunil Savkar – Ropes & Gray; Jennifer Rikoski – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Kohlberg & Company, L.L.C.;

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Author: Ambrogio Visconti