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Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
KPS Partners to Sell Howden to Chart Industries in $4.4 Billion Deal
- Client News
- November 11, 2022
Paul, Weiss is advising KPS Capital Partners, LP in the $4.4 billion sale of its portfolio company Howden to Chart Industries, Inc., a manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets. Howden is a leading global provider of air and gas handling solutions that drive enhanced safety, efficiency and environmental sustainability in mission-critical processes across a broad range of attractive and fast-growing industrial markets. Howden manufactures a complete portfolio of rotating equipment products, including compressors, blowers, fans, rotary heaters and steam turbines. Completion of the transaction, announced November 9, is subject to customary closing conditions and approvals.
Paul, Weiss also advised KPS on its acquisition of Howden from Colfax Corporation in 2019 in a complex carveout.
The Paul, Weiss team includes corporate partners Angelo Bonvino, Michael Vogel, Monica Thurmond and Aaron Schlaphoff, and counsel David Sobel, David Epstein, Jason Tyler and Gabriella Toossi; tax partners Robert Killip and David Mayo; executive compensation partners Jean McLoughlin and Jarrett Hoffman, and counsel Cynthia Akard; intellectual property partner Charles Googe; litigation partner Aidan Synnott and counsel Steven Herzog; real estate partner Salvatore Gogliormella; antitrust counsel Yuni Sobel and Marta Kelly; environmental counsel William O’Brien; and international trade counsel Richard Elliott.