London—Dentons has advised KPS Capital Partners, the global private equity firm focused on investing across a range of manufacturing industries, on its acquisition of Glasgow-headquartered Howden from Colfax Corporation for an enterprise value of US$1.8 billion. 

A leading global provider of critical air and gas handling products and services to the industrial, power, oil & gas and mining industries, Howden has over 5,300 employees and 22 manufacturing facilitates in 12 countries. It manufactures highly engineered fans, compressors, heat exchangers, steam turbines, and other specialised equipment. 

Stephen Levy, partner in Dentons' UK Corporate team, said, "We're delighted to advise on this transaction, following on closely from our work on KPS’s signing of the acquisition of Brunswick Corporation's fitness business. KPS's acquisition of Howden creates an opportunity to grow a world-class application engineering and manufacturing company, well suited to KPS's expertise and continued focus on innovation."

The Dentons team, which was led by Stephen Levy, Nigel Webber and Ben Lloyd, provided global (non-US) diligence and input into the transaction documents and regulatory matters. Lead legal and US counsel was provided by Paul, Weiss, Rifkind, Wharton & Garrison.

Dentons also advised KPS on its purchase of Brunswick Corporation's fitness brands earlier this month.

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