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Tag Archives: Kirkland & Ellis LLP

Cerberus to Acquire Sparton; Tarek Ajouz Quoted

New York-based private equity firm Cerberus Capital Management has agreed to pay $18.50 in cash for each outstanding share of Sparton’s (NYSE: SPA) common stock. Sparton said Wednesday its board of directors cleared the transaction, which is expected to conclude in the first quarter of calendar year 2019. Tarek Ajouz, a managing director …

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Cerberus to Buy 70% Stake in Navistar’s Defense Business

New York-based private equity firm Cerberus Capital Management has agreed to purchase a 70 percent controlling stake in Navistar International’s (NYSE: NAV) defense business for an undisclosed sum. Michael Sanford, co-head of private equity and senior managing director of Cerberus, said in a statement published Monday the company plans to …

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Rebecca Hazard Appointed Riverbed General Counsel, Corporate Secretary

Rebecca Hazard, former vice president and associate general counsel at Riverbed, has been named general counsel and corporate secretary of the information technology firm. She will oversee legal and trade compliance functions in her role as general counsel, the company said Monday. In her previous capacity, she led a global team focused …

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WSP to Buy Louis Berger for $400M; Alexandre L’Heureux, Jim Stamatis Comment

Canada-based WSP Global has agreed to acquire Louis Berger for approximately $400 million in an effort to expand its footprint in continental Europe and leverage the Morristown, N.J.-based professional services firm’s expertise in water, transportation, environment and master planning. Alexandre L’Heureux, WSP president and CEO, said in a statement published Monday …

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Private Equity Firms Buy Space Tech Maker LinQuest

CoVant Management and Madison Dearborn Partners have purchased Los Angeles-based space systems technology platforms provider LinQuest for an undisclosed sum. LinQuest CEO Leon Biederman will continue to oversee the company and maintain “a significant minority ownership position” in the firm along with other members of the management team, CoVant said Tuesday. Biederman …

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RBC Bearings to Purchase Dover’s Sargent A&D Business; Michael Hartnett Comments

RBC Bearings has agreed to acquire Dover Corp.‘s (NYSE: DOV) Sargent Aerospace & Defense subsidiary for $500 million. Michael Hartnett, RBC Bearings chairman, president and CEO, said Thursday the acquisition is intended to complement the company’s manufacturing and design processes. Oxford, Connecticut-based RBC Bearings manufactures plain, roller and ball bearings …

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