Latham & Watkins Represents Lead Arrangers in Financing of Brookfield Business Partners L.P.’s acquisition of Johnson Controls’ Power Solutions Business

Major deal valued at US$13.2 billion is the largest private equity transaction completed in 2019 to date.

May 01, 2019

Latham & Watkins represented the lead arrangers in connection with Panther BF Aggregator 2 LP’s US$10 billion senior secured bank facilities, senior secured asset based facilities, and senior secured and senior unsecured notes offerings in support of Brookfield Business Partners L.P. and Caisse de dépôt et placement du Québec’s US$13.2 billion acquisition of the Power Solutions business of Johnson Controls, a world-leading manufacturer and distributor of advanced automotive battery technologies. The high-profile transaction is the largest private equity deal completed in 2019 to date, according to Bloomberg.

The Latham deal team that represented the lead arrangers in the transaction included New York finance partners Melissa Alwang, Eugene Mazzaro, Michèle Penzer, and Alfred Xue, with counsel Seniz Yakut and associates Brianna Edwards, Carlos Ibarguengoitia, Kamal Nesfield, Elisabeth Su-Li Ong, as well as New York capital markets partners Andrew Baker, Keith Halverstam, Peter Labonski, and Stelios Saffos, with associate Dylan Conn.

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