Simpson Thacher Advises Ingersoll-Rand in $4.9 Billion Sale of Bobcat Unit
08.03.07
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The Firm is advising Ingersoll-Rand Company Limited in its announced sale of its Bobcat, Utility Equipment and Attachments business units to Doosan Infracore for approximately $4.9 billion in cash. The combined businesses manufacture and sell compact equipment, general-purpose light construction equipment and attachments, and in 2006 generated approximately $2.6 billion in revenues. The sale is targeted to close early in the fourth quarter of 2007.
The Simpson Thacher team working on this deal includes: Mario Ponce, Elizabeth Cooper and Jeff DeMartino (M&A); Alvin Brown and Wonda Joseph (Executive Compensation & Employee Benefits); Charlie Rappaport and Sean Austin (Tax); Chase D’Agostino (Summer Associate); and paralegal Ellen Dadanina.