Kirkland Advises TJC on Acquisition of Insulation Technology Group
Kirkland & Ellis advised TJC on the acquisition of Insulation Technology Group (ITG) from PHI Industrial. The transaction was announced July 2, 2024. ITG is a leading provider of electrical insulation solutions for the global utility market. ITG manufactures high and ultra-high voltage porcelain insulators for mission-critical applications within electrical substation, overhead transmission and distribution infrastructure, and has more than 1,200 employees across manufacturing facilities in the U.S., Europe and Brazil. With $29.7 billion of assets under management as of March 31, 2024, TJC has made more than 80 investments in a broad range of industries including Consumer & Healthcare, Diversified Industrials, Industrial Technology, Logistics & Supply Chain and Technology & Infrastructure over a period of 22 years. TJC has offices in New York, Chicago, Miami and Stamford.
Read the transaction press release
The Kirkland team advising TJC was led by corporate partners Andrew Arons, Hendrik Braun, and Eduardo Leal and associate Maximilian Liegl; and included antitrust & competition partner Philipp Gnatzy; debt finance partners Jason Kanner and Andrea Weintraub and associates Raghav Gupta, Dom Duchesne and Danielle Gagne; tax partners Steven Ort and Jared Rusman; and corporate associates Maximilian Licht, Jeffrey Butensky and Axel Azoulay.
