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Latham & Watkins Advises Oaktree in Acquisition of LPW Group

March 19, 2024
Firm represents the global alternative investment manager in deal with designer and manufacturer of flow control products for the chemical, energy, and other industrial markets.

LPW Group Holdings, Inc. (LPW Group or the Company), a leading designer and manufacturer of critical-use valves, actuators, fittings, and flanges, announced it has entered into a definitive agreement to be acquired by funds managed by Oaktree Capital Management, L.P. (Oaktree). In partnership with management, Oaktree’s acquisition will provide additional resources to support the Company’s strategic vision and growth plans. Terms of the transaction were not disclosed.

Latham & Watkins LLP represents Oaktree in the transaction with a corporate deal team led by Los Angeles partner Tana Ryan, with associates Olivia Pettingill and Sammy Camy. Advice was also provided on tax matters by Century City/Los Angeles partner Pardis Zomorodi, with associate Brian Rogers; on finance matters by Boston partner Susan Parker, with associates Michael Wright and Matthew Farina; on compensation and benefits matters by Century City/Bay Area partner Julie Crisp and Chicago counsel Sandhya Chandrasekhar, with associate Kevin Matheny; on environmental matters by Washington, D.C. partner James Barrett, with associate Brittany Curcuru; on intellectual property matters by Bay Area partner Anthony Klein, with associates Amy Tosi, Julian Savelski, Tori Hu, and Peter Hoffman; on data privacy matters by Houston/Austin counsel Robert Brown, with associate Kiara Vaughn; on real estate matters by San Diego partner Stephanie Fontanes; on sanctions and export controls matters by Washington, D.C. partner Jim Barker and Washington, D.C. counsel Catherine Hein, with associate Elliot Hecht; on FCPA matters by New York partner Matthew Salerno; on government contracts matters by Washington, D.C. partner Kyle Jefcoat, with associates Genevieve Hoffman and Blake Page; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Jane Jeong; on antitrust matters by Washington, D.C. partner Ian Conner and Washington, D.C. counsel Joseph Simei; and on insurance matters by Los Angeles partners Drew Levin and Harrison White, with associate Kayla Matthews.