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Latham Advises Carco PRP Ltd on Financing in Connection With Acquisition of SKF’s Non-Core Aerospace and Precision Elastomeric Device Operations
January 30, 2026
Cross-border team represents the leading manufacturer of sealing components in the financing.
Latham & Watkins has advised Carco PRP Limited, a leading manufacturer of sealing components, on the financing in relation to its definitive agreement to acquire from SKF, the world's largest industrial bearings manufacturer, its ring and seal operation, and subsequent financing to acquire SKF’s precision elastomeric device operation. The financing includes an upsized €100 million term loan B add-on, which follows the existing €365 million term loan B and US$30 million revolving facility, both of which Latham advised on.
The Latham team was led by London partner Hayden Teo, Chicago partner Cindy Caillavet, Washington, D.C./New York partner Jason Licht, Washington, D.C. partner Christopher Clark, and Milan partner Marcello Bragliani, with associates Bryce McCarthy, Dominic Puri, Ivan Alaev, Francesca Seber, Rob Rogowski, Hiba Sheikh, Gabrielle Blum, Davide Camasi, Davide Chiarito, and Victor Bruno.
The corporate team was led by Milan partner Antonio Coletti, Boston partner Todd Gleason, and Boston counsel Stefanie Vincent, with associates Matteo Gellera, Christopher Lloyd, Sue Kim, Cherrie Wang, and Michael Pioso. Advice was also provided on UK corporate matters by London partner Shing Lo, with associate Toni Adejuyigbe; on tax matters by New York partner David Raab and London partner Karl Mah, with associates Ashley Flor and Nicole Lim; and on sanctions matters by London partner Robert Price.