Paul Hastings Advises on Financing KKR's $3.9 Billion Acquisition of Gardner Denver
New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that the firm advised the banks in connection with the financing of private equity firm KKR’s $3.9 billion acquisition of Gardner Denver, Inc., a worldwide manufacturer of highly engineered products.
Paul Hastings represented UBS Securities LLC, Barclays Bank PLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Bank, LTD., RBC Capital Markets, Macquarie Capital (USA) INC., HSBC Securities (USA) Inc. KKR Capital Markets LLC and Sumitomo Mitsui Banking Corporation as arrangers and UBS AG, Stamford Branch as administrative agent in connection with a U.S. $1.9 billion term loan, a €400 million term loan and a $400 million cash flow revolving facility, the proceeds of which at closing were used to partially finance the acquisition of Gardner Denver, Inc. by KKR.
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