The Firm is representing Kohlberg Kravis Roberts & Co. L.P. in its acquisition of Gardner Denver, Inc., for approximately $3.9 billion, including the assumption of debt.
The merger is subject to approval from Gardner Denver’s shareholders, regulatory approvals and other customary closing conditions. The transaction is currently expected to close in the third quarter of 2013. The transaction is being made through KKR’s investment funds.
Gardner Denver, Inc., with 2012 revenues of approximately $2.4 billion, is a leading worldwide manufacturer of compressors, pumps and other products for industrial applications, including manufacturing and oil and gas exploration and production.
The Simpson Thacher team on this deal includes Andy Calder, Rhett Van Syoc and Jay Blackman (M&A Houston); Sean Rodgers, John Kupiec, Erik Ping Wang and Matthew Gabbard (M&A New York); James Cross, Adam Shapiro and Nicole Tague (Credit); Richard Fenyes (Capital Markets); Joe Tringali, David Vann, Michael Naughton, Ellen Frye and Etienne Renaudeau (Antitrust); Adeeb Fadil and Tim Mulvihill (Environmental); Andrea Wahlquist and Patricia Adams (Executive Compensation and Employee Benefits); Krista McManus (Real Estate); Elisa Alcabes (Insurance); and Nancy Mehlman and Jodi Sackel (Tax).
