Asset management giant The Carlyle Group is being advised by longtime outside counsel Latham & Watkins on the sale of commercial flight systems company Arinc to defense contractor Rockwell Collins.
David Brown, the cochair of Latham’s private equity practice, is currently leading a team from the firm advising Carlyle on its exit from Arinc that includes tax partner David Raab, employee benefits partner David Della Rocca, antitrust partner Marc Williamson, and associates Marc Granger, Adam Kestenbaum, Eugene Kim, and Sydney Smith.
, a former Latham associate, serves as managing director and general counsel for Carlyle, whose cofounder and co-CEO
once worked at Paul, Weiss, Rifkind, Wharton & Garrison and a predecessor firm of Pillsbury Winthrop Shaw Pittman.
Reuters reported earlier this year
that each of Carlyle's three founders received $57.6 million in 2012.
Cedar Rapids, Iowa–based Rockwell Collins has tapped Chadbourne & Parke for deal counsel on its acquisition of Arinc from Carlyle. Steptoe & Johnson partner Edward Schwartz is serving as antitrust counsel to Rockwell Collins, whose general counsel is
. Arinc’s general counsel is
John “Jack” Smith
Rockwell Collins hopes to finalize its purchase of Arinc within 90 days, pending regulatory approvals and other customary closing conditions.