Industrial Growth Partners Completes $600 Million Sale of Royal Power Solutions to Eaton
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.
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