Brunswick’s Sale of its Fitness Business to KPS Capital Partners

On May 6, 2019, Brunswick Corporation announced that it has entered into a definitive agreement to sell its Fitness business to KPS Capital Partners, LP, a private investment firm, in an all‑cash transaction for approximately $490 million. Cravath is representing Brunswick in connection with the transaction.

The Cravath team is led by partner Robert I. Townsend III and includes associates Matthew L. Ploszek, Matthew G. Jones and Martin P. Pepeljugoski on M&A matters; partners Andrew W. Needham and Christopher K. Fargo, senior attorney Andrew Carlon and associate Andrew T. Davis on tax matters; associate Christopher C. Gonnella on executive compensation and benefits matters; partners Michael S. Goldman, Andrew J. Pitts and D. Scott Bennett and senior attorney Christopher J. Kelly on financing matters; partner Matthew Morreale on environmental matters; senior attorney Joyce Law and practice area attorney Laurel R. Berkowitz on real estate matters; senior attorney Jesse M. Weiss and foreign associate attorney Stephanie The on antitrust matters; and practice area attorney Anthony N. Magistrale on intellectual property matters. Maria Ricaurte and Gabriel J. Rust‑Tierney also worked on M&A matters.