Diamond Castle Acquires NES Rentals

Diamond Castle Holdings LLC acquired NES Rentals Holdings Inc., a construction equipment business based in Chicago, for $850 million, the target said. Under terms of the deal, which NES announced Wednesday, May 25, Diamond Castle will pay $18.75 per share in cash for NES' outstanding common shares.

Kirkland & Ellis LLP attorneys Kurt von Moltke, Chuan Li and Camden Hutchison were counsel to NES.

This article appeared in its entirety in the May 26, 2006 of The Deal.