Unifrax’s $1.3 Billion Acquisition of Lydall

Davis Polk advised Lydall, while Kirkland & Ellis advised Unifrax on the deal.

Lydall, Inc. executed its approximately $1.3 billion acquisition by Unifrax, which is backed by Clearlake Capital. The transaction is expected to close in the second half of 2021 and is subject to the receipt of required regulatory approvals, approvals of Lydall stockholders and other customary closing conditions.

Lydall delivers value-added engineered materials and specialty filtration solutions that promote a cleaner, safer and quieter world. Unifrax is a leading global supplier of high-performance specialty materials used in thermal management, specialty filtration, battery materials, emission control and fire protection applications.

Kirkland & Ellis advised Unifrax with corporate partners Luke Guerra (Picture), David Klein and Aisha Lavinier and associate Latif Alashe.

The Davis Polk corporate team included partners Daniel Brass and William H. Aaronson and associate Lisa Ogust. Partner Hilary Dengel and counsel Welton E. Blount provided finance advice. The executive compensation team included partner Adam Kaminsky. Counsel Betty Moy Huber provided environmental advice. Partner Ronan P. Harty provided antitrust and competition advice. Partner William A. Curran provided tax advice. Counsel Matthew J. Bacal provided intellectual property advice. 

Involved fees earner: William Aaronson – Davis Polk & Wardwell; Matthew Bacal – Davis Polk & Wardwell; Welton Blount – Davis Polk & Wardwell; Daniel Brass – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Hilary Dengel – Davis Polk & Wardwell; Ronan Harty – Davis Polk & Wardwell; Betty Moy Huber – Davis Polk & Wardwell; Adam Kaminsky – Davis Polk & Wardwell; Lisa Ogust – Davis Polk & Wardwell; Latif Alashe – Kirkland & Ellis; Luke Guerra – Kirkland & Ellis; David Klein – Kirkland & Ellis; Aisha Lavinier – Kirkland & Ellis;

Law Firms: Davis Polk & Wardwell; Kirkland & Ellis;

Clients: Lydall, Inc.; Unifrax;

Author: Martina Bellini