Ropes & Gray Advises CIRCOR International in Take-Private Sale to KKR for $1.6 Billion

Ropes & Gray represented CIRCOR International in a take-private sale to global investment firm KKR in a cash transaction valued at approximately $1.6 billion including debt. The transaction was announced on June 5.

Under the agreement, KKR will acquire all outstanding shares of CIRCOR common stock for $49 per share in cash, representing a 55% premium to the company’s closing stock price on June 2. When the deal closes, CIRCOR will stop trading on the New York Stock Exchange.

CIRCOR is a leading provider of critical flow control products and services for the industrial, oil and gas and aerospace and defense industries. Flow control products help manage and control liquids and gases using equipment or services such as pumps, valves, compressors and meters. CIRCOR markets its solutions directly and through various sales partners to more than 14,000 customers in approximately 100 countries.

The Ropes & Gray team was led by mergers & acquisitions partner Tara Fisher and capital markets associate Nicholas Roper and included litigation & enforcement partners Ama Adams and Samer Musallam, employment & benefits partners Renata Ferrari and Kyle Higley, tax partner David Saltzman, leveraged finance partner Andrea Hwang, real estate investments & transactions partner Peter Alpert and litigation & enforcement counsel Emerson Siegle.