On July 25, 2012, United Technologies Corporation entered into a definitive agreement pursuant to which affiliates of the Carlyle Group LP and BC Partners Ltd will acquire certain industrial businesses of its Hamilton Sundstrand subsidiary for approximately $3.5 billion. Cravath represented Credit Suisse as joint lead arranger of committed financing in connection with this transaction.
The Cravath team included partners Craig F. Arcella and Joseph D. Zavaglia, and associates Brandon R. DeFrehn and Christopher K. Couvelier.
