Simpson and Kirkland land top roles on $1bn Melrose-KKR deal
Simpson Thacher & Bartlett and Kirkland & Ellis have taken the lead roles on Melrose Industries' $1bn (£627m) sale of construction manufacturing assets Crosby and Acco to private equity house Kohlberg Kravis Roberts (KKR). Simpson Thacher acted for Melrose, leaving longstanding client KKR to turn to Kirkland on the deal. Both Crosby, an Oklahoma-based manufacturer of rigging and lifting equipment, and Acco, a smaller Pennsylvania producer of custom-built material handling equipment, were originally acquired as part of Melrose's 2008 buyout of engineering group FKI.
KKR turns to Kirkland as regular adviser Simpson takes sale side
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