Chicago – Paul Hastings LLP, a leading global law firm, announced today that it advised Industrial Growth Partners (IGP) and Royal Power Solutions on the $600 million sale of Royal to Eaton.

Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components used in electric vehicle, energy management, industrial and mobility markets, was recapitalized by IGP in 2017. Under IGP’s ownership, Royal has made strategic investments and acquisitions that have positioned the company for its next phase of growth.

Paul Hastings served as legal advisor for Industrial Growth Partners and Royal Power Solutions. Houlihan Lokey served as Royal’s exclusive financial advisor in the transaction.

The Paul Hastings team was led by Private Equity partner Brian Richards, and included partners Jim Smulkowski and Todd Schneider;  and associate Michael Kesler.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.