Latham & Watkins Advises Tomkins in $1.1 Billion Divestiture

September 21, 2012

Tomkins, Onex and Canada Pension Plan Investment Board (CPPIB) have announced a $1.1 billion deal in which CPPIB has agreed to purchase all of the equity interests in certain indirect subsidiaries of Pinafore Holdings B.V. (the “Company”) that comprise the Company’s air distribution division.  As detailed in the press releases issued by Tomkins and by Onex/CCPIB, the closing of the transaction is expected to occur in the fourth quarter of 2012 and is subject to customary conditions. 

Latham & Watkins LLP advised Tomkins on the transaction with a corporate deal team led by Washington, D.C. partner Paul Sheridan with associates Nicholas Yunes and Travis Shrout.  Advice was also provided on corporate matters by London partner Bobby Reddy and Hamburg partner Stefan Widder with Washington, D.C. associates Monica Clark, Natalie Rao and Tyler Carson, London associate Farah O’Brien, and Hamburg associate Tonio Sadoni; on tax matters by New York partner David Raab and London partner Daniel Friel with associates Andrea Ramezan-Jackson in Washington and Graham Samuel-Gibbon in London; on benefits and compensation matters by Washington, D.C. partner David Della Rocca and London partner Catherine Drinnan with Washington, D.C. associate Adam Kestenbaum; on antitrust by Washington, D.C./Brussels partner Michael Egge with Washington, D.C. counsel Sydney Smith and Brussels associates Hector Armengod and Tobias Kruis and Washington, D.C. associate Jason Cruise; on environmental matters by Washington, D.C. partner James Barrett; and on intellectual property by Washington, D.C. counsel Kieran Dickinson.

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