Simpson Thacher is representing J.P. Morgan in connection with the committed financing for the acquisition of Kito Crosby Limited (“Kito Crosby”) by Columbus McKinnon Corporation (“Columbus McKinnon”). The transaction is expected to be funded through a combination of committed debt financing of $2.6 billion from J.P. Morgan and $0.8 billion of perpetual convertible preferred equity investment from CD&R.
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Kito Crosby is the global leader of the lifting and securement industry it pioneered, and for which it continues to set the quality standard.
The Simpson Thacher team includes Patrick Ryan, Bill Sheehan, Leah Tendler, Mark Marzziotti and Michael Thornhill-Recio (Credit); David Azarkh, Evan Zuckerman, Suzanne Kaufman and Manuel Alvarez (Capital Markets); Lia Toback (PIPE); Malik Ladhani and Haley O’Connor (M&A); Michael Mann (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Ron Ben-Yehuda and Courtney Welshimer (Intellectual Property); and Josh Polster (Insurance).