KPS Capital to Sell Attachments Division of International Equipment Solutions to Stanley Black & Decker

Paul, Weiss is representing International Equipment Solutions, LLC (IES), a portfolio company of KPS Capital Partners, LP, in the sale of its attachments division to Stanley Black & Decker, Inc. for $690 million. KPS will retain ownership of the cabs division of IES. IES Attachments is a major independent manufacturer of attachment tools for off-highway applications. Completion of the transaction is subject to customary closing conditions and approvals.

The Paul, Weiss team includes, among others, corporate partner Angelo Bonvino and counsel Ji Lu and Richard Elliott; tax partner David Mayo; litigation partners Aidan Synnott and Allan Arffa; employee benefits partner Robert Fleder and counsel Uri Horowitz; real estate partner Peter Fisch; intellectual property counsel Jonathan Ashtor; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.