Kirkland Advises Richards Manufacturing Co. on Sale to TE Connectivity

Kirkland & Ellis advised Richards Manufacturing Co., together with funds managed by Oaktree Capital Management, on a definitive agreement to sell Richards to TE Connectivity plc (NYSE: TEL), a world leader in connectors and sensors. The transaction will strengthen TE’s position in serving electrical utilities in North America by combining complementary product portfolios and adding the expertise of the Richards team, enabling TE to benefit from strong growth trends in underground electrical networks. The all-cash transaction is valued at approximately $2.3 billion, subject to customary post-closing adjustments.

Read the transaction press release

The Kirkland team included corporate lawyers Hamed Meshki, Karen Flanagan, Philippe Simard, Joe Porter, Tammy Adereti and Adam Lefkowitz; tax lawyers Mike Beinus, Vivek Ratnam and Maria Smith; antitrust & competition lawyers Andrea Murino, Brittany Burke, Mike Thorpe, Matthew Wheatley, Todd Garcia and Tyler Nappo; environmental transactions lawyers Carleigh Rodriguez and Courtney Tibbetts; executive compensation lawyers Jack Stratton, David van den Berg and Sooah Kim; employee benefits lawyer Matt Antinossi; employment & labor lawyers Risa Salins and Kaitlyn Hodgman; technology & IP transactions lawyers Matt Lovell and Josh Ellis; debt finance lawyers Andrea Weintraub, Yoonie Han and Ericha Penzien; international trade & national security lawyers Mario Mancuso, Luci Hague and Brandon Ricaurte; real estate lawyers Rob Miceli and Michael Pattis; and ESG & impact lawyers Mackenzie Drutowski and Lydia Anglin.