Simpson Thacher Represents ITT in Sale of Its Switches Business
05.18.07
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The Firm is representing ITT Corporation in the sale of its Switches Business to Littlejohn & Co. LLC for an undisclosed amount. The transaction is subject to customary conditions and regulatory approvals and is expected to close in approximately three months.
The switches business manufactures switches, dome arrays, interface controls and keypads for a variety of industries including mobile communications, computer and automotive.
The Simpson Thacher team working on the transaction includes: Caroline Gottschalk, Matthew Meyer, Vikas Khosla and Richard Kim (M&A); Marissa Wesely (Credit); Charlie Rappaport and Sean Austin (Tax); Wonda Joseph (Employee Benefits); Fagie Hartman (Labor); Adeeb Fadil (Environmental); Lori Lesser and Kirstie Howard (Intellectual Property); and Michael Naughton (Antitrust). Corporate paralegal January Romero also provided valuable assistance on this transaction.