Milbank, Tweed, Hadley & McCloy LLP advised Stellex Capital Management LP (“Stellex”) in connection with its strategic investment in Cisco Equipment (“Cisco”) in partnership with the Sibert family. Under the terms of the transaction, Cisco’s current management team, led by CEO Christopher “C.J.” Sibert, will continue to steer the company.
Stellex is a global private equity manager with offices in New York and London that invests in corporate assets in both the US and Europe. The Odessa, Texas-based Cisco was founded in 1978 by Scott Sibert, and over the last four decades has become a nation-leading provider of equipment, services parts, and supplies to general construction, agriculture, and other industrial markets.
The Milbank team was led by Corporate partner Robert Kennedy with associates Gabrielle DiBernardi and Robert Rosengarten and law clerk Mitchell Hoke; Real Estate associate Kieran Murphy; Executive Compensation and Employee Benefits partner Mike Shah with associates James Beebe and Kelly Bartley; Tax partner Max Goodman with associate Michael Goon; Employment of counsel Jane Hanson; Environmental partner Matthew Ahrens with associate Lindsay Hall; Trusts & Estates partner Austin Bramwell and Corporate partner Casey Fleck.
The transaction closed on February 1, 2019.
