The international law firm Milbank LLP has advised Advent International on the acquisition of the Distributed Power business from GE (NYSE:GE) for $3.25 billion.
The transaction includes Distributed Power’s Jenbacher and Waukesha engines, as well as manufacturing sites in Austria, Canada and the US.
Advent International is one of the largest and most experienced global private equity investors.
Distributed Power, a business unit of GE Power, is a leading provider of reciprocating gas engines, power equipment and services focused on power generation and gas compression at or near the point of use. With approximately 3,000 employees and three main facilities, Distributed Power has delivered more than 48,000 Jenbacher and Waukesha reciprocating gas engines to customers around the world.
A Milbank team headed by partner Peter Nussbaum comprehensively advised Advent International as deal counsel for this transaction.
Advisor to Advent International: Milbank LLP
Corporate/M&A: Peter Nussbaum (lead), Norbert Rieger (both Munich), Robert F. Kennedy (New York), Mark Stamp (London), Benjamin Leuchten, Dennis Seifarth, Hauke Lorenzen (all Munich), Katja Lehr (Frankfurt), Joanne Luckey, Alex Wang (both New York), James Mackay (London)
Tax: Rolf Fueger, Joerg Schrade (Munich), Max A. Goodman, James Beebe, David G. Hanno (all New York)
Competition: Alexander Rinne, Katharina Kolb, Moritz Lichtenegger (all Munich), Fiona A. Schaeffer (New York)
Technology Practice: Alison Beal, Faraaz Samadi (both London)
Intellectual Property: Javier J. Ramos (Washington DC)
Employee Benefits: Joel Krasnow (New York), Katherine Soanes (London)
