The Firm is representing funds affiliated with Brookfield Asset Management in the announced acquisition of the Thermal Management business of nVent Electric plc (NYSE: NVT) in an all-cash transaction valued at approximately $1.7 billion, subject to customary closing adjustments. The transaction is expected to close by early 2025, subject to customary closing conditions, including regulatory approvals.
nVent is a leading global provider of electrical connection and protection solutions. Its Thermal Management business, which includes the industry-leading RAYCHEM and TRACER brands, provides mission critical thermal solutions.
Brookfield Asset Management is a leading global alternative asset manager with a 120-year history and operations across a broad portfolio of real estate, infrastructure, renewable power, private equity and credit assets.
The Simpson Thacher team includes Elizabeth Cooper, Keegan Lopez, Matt Rogers, Quinn Cronan, Ellen Gao and Josh Brachfeld (M&A); Brian Steinhardt, Ben Persina, Dimitrios Fthenakis and Angelica Varona (Credit); Gregory Grogan, Harry Hudesman, Alli Sutherland and Sara Mazurek (Executive Compensation and Employee Benefits); Adam Arikat, Emma Wang and Tova Pfeffer (Tax); Lori Lesser (Intellectual Property); Toby Chun and Tim Mulvihill (Environmental); and Krista McManus (Real Estate).