Four Decades for Justice
Cravath represented BDT Capital Partners in connection with the arrangement of $730 million of senior secured credit facilities to finance its acquisition, through its investment funds, of a majority interest in Alliance Laundry Systems. Alliance Laundry Systems is the leading global designer and manufacturer of commercial laundry equipment. The transaction closed on August 31, 2015.
The Cravath team was led by partner Paul H. Zumbro and included senior attorney Sarah F. Rosen and associates C. Daniel Haaren and Caitlin M. Hyduke on banking matters; partner Stephen L. Gordon and associate Kiran Sheffrin on tax matters; and partner Eric W. Hilfers and practice area attorney M. C. Tania Balthazaar on executive compensation and benefits matters.
Deals & Cases
December 12, 2022
On December 12, 2022, BDT Capital Partners LLC (“BDT”) and Weber Inc. (“Weber”), a global leader in outdoor cooking innovation, technology and products, announced that they have entered into a definitive merger agreement pursuant to which investment funds managed by BDT will purchase all of the outstanding Class A Shares that they do not already own, for $8.05 per share of Class A common stock of Weber, which implies a total enterprise value of $3.7 billion for Weber. Cravath is representing BDT in connection with the transaction.
Deals & Cases
October 20, 2022
On October 20, 2022, BDT & Company Holdings, L.P. (“BDT”) and MSD Partners, L.P. (“MSD”) announced that they have entered into a definitive business combination agreement under which they will create an advisory and investment firm serving the distinct needs of family‑ and founder‑led business owners and strategic, long‑term investors. The combination will unite BDT, a merchant bank that provides advice and long‑term capital through its affiliated funds, and MSD, a long‑term oriented investment firm. Cravath is representing BDT in connection with the transaction.
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