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Milbank LLP is advising the financing sources to provide a debt financing package in support of KPS Capital Partners’ acquisition of Innomotics GmbH from Siemens AG for an enterprise value of €3.5 billion.
Headquartered in Nuremberg, Germany, Innomotics is a leading global supplier of mission-critical electric motor and large drive systems, employing approximately 15,000 people and operating 16 factories across the EMEA, Americas and Asia-Pacific regions. The transaction is expected to close in the last quarter of 2024 or first quarter of 2025, subject to customary closing conditions and approvals.
The Milbank team was led by European Leveraged Finance/Capital Markets partners Suhrud Mehta, Laura Bonamis, Sarbajeet Nag, Apostolos Gkoutzinis and Rebecca Marques and included associates Bie Cookey, Maria Schweinberger, Abbey Dalgleish, Katherine Williams and trainees Irene Vazquez Scortti, Argyll Reid and Beth Constance.
