Warburg Pincus’ Acquisition of Infinite Electronics

Weil, Gotshal & Manges advised Infinite and Genstar, while Cleary Gottlieb Steen & Hamilton and Galicia Abogados advised Warburg Pincus on the transaction.

Infinite Electronics has been acquired by Warburg Pincus from Genstar Capital. The investment will support Infinite’s geographic and product line expansion, entry into new, high-growth markets and enhanced digital capabilities. The acquisition signed on January 16, 2021, and closed on March 2, 2021. The terms were not publicly disclosed.

Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for over 30 years.  Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses.

Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $58 billion in private equity assets under management. The firm’s active portfolio of more than 195 companies is highly diversified by stage, sector, and geography.

Based in Irvine, California, Infinite Electronics is a global supplier of electronics components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite Electronics’ brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMe Cables, Integra Optics and INC Installs.

Baird and Jefferies LLC served as financial advisors to Infinite and Genstar.

The Cleary M&A team included partner David Leinwand (Picture); associates Charlie Allen, Claire Schupmann, Christopher Reszczynski, and Angel Nwachukwu; and law clerk Laura Bournhonesque. Partner Michael Albano, counsel Laura Bagarella, and associate Suzannah Golick advised on executive compensation matters. Partner Corey Goodman and associate Alex Cadmus advised on tax matters. Partner Meme Peponis; counsel Penelope Christophorou; and associates Lucas Hildebrand, Elise Toscano, and Declan White advised on financing matters. Partner Daniel Ilan and associate Michelle Elsner advised on intellectual property matters. Counsels Richard Bidstrup and Beau Sterling and associate Madison Bush advised on environmental matters. Partner Jeremy Calsyn and associate Elise Lane advised on antitrust matters. Counsel Chase Kaniecki and associate Nathanael Kurcab advised on foreign direct investment matters. Senior attorney Jim Corsiglia advised on anticorruption matters.

In Mexico Galicia Abogados advised Warburg Pincus with José Visoso, Mario Valencia, Nadia González Elizondo and María Fernanda Luna Tavares.

Weil, Gotshal & Manges advised Genstar Capital and Infinite Electronics International, Inc. with Craig Adas, Alex Purtill and  Mei Dan.

Involved fees earner: Michael Albano – Cleary Gottlieb Steen & Hamilton; Charles Allen – Cleary Gottlieb Steen & Hamilton; Laura Bagarella – Cleary Gottlieb Steen & Hamilton; Richard Bidstrup – Cleary Gottlieb Steen & Hamilton; Madison Bush – Cleary Gottlieb Steen & Hamilton; Alexander Cadmus – Cleary Gottlieb Steen & Hamilton; Jeremy Calsyn – Cleary Gottlieb Steen & Hamilton; Penelope Christophorou – Cleary Gottlieb Steen & Hamilton; James Corsiglia – Cleary Gottlieb Steen & Hamilton; Michelle Elsner – Cleary Gottlieb Steen & Hamilton; Suzannah Golick – Cleary Gottlieb Steen & Hamilton; Corey Goodman – Cleary Gottlieb Steen & Hamilton; Lucas Hildebrand – Cleary Gottlieb Steen & Hamilton; Daniel Ilan – Cleary Gottlieb Steen & Hamilton; Chase Kaniecki – Cleary Gottlieb Steen & Hamilton; Nathanael Felix Kurcab – Cleary Gottlieb Steen & Hamilton; Elise Lane – Cleary Gottlieb Steen & Hamilton; David Leinwand – Cleary Gottlieb Steen & Hamilton; Angel Nwachukwu – Cleary Gottlieb Steen & Hamilton; Meme Peponis – Cleary Gottlieb Steen & Hamilton; Christopher Reszczynski – Cleary Gottlieb Steen & Hamilton; Claire Schupmann – Cleary Gottlieb Steen & Hamilton; Beau Sterling – Cleary Gottlieb Steen & Hamilton; Elise Toscano – Cleary Gottlieb Steen & Hamilton; Nadia González Elizondo – Galicia Abogados, S.C; Mario Valencia – Galicia Abogados, S.C; Jose Visoso – Galicia Abogados, S.C; Craig Adas – Weil, Gotshal & Manges; Mei Dan – Weil, Gotshal & Manges; Alex Purtill – Weil, Gotshal & Manges;

Law Firms: Cleary Gottlieb Steen & Hamilton; Galicia Abogados, S.C; Weil, Gotshal & Manges;

Clients: Genstar Capital; Infinite Electronics International; Warburg Pincus;

Author: Martina Bellini