On March 28, 2018, Platinum Equity Capital Partners IV (Platinum Equity) completed the acquisition of Husky Injection Molding Systems (Husky) from Berkshire Partners and OMERS Private Equity for $4.95 billion (US$3.85 billion). Based in Bolton, Ont., Husky is a global supplier of highly engineered injection molding equipment and services for the plastic injection molding equipment industry, and a leading provider of PET systems, hot runners, aftermarket tooling, medical molds and specialty closure molds. Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of more than 30 operating companies that serve customers around the world.
Financing was arranged by certain affiliates of Bank of America Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co., Barclays, BMO Capital Markets, TD Securities and National Bank of Canada Financials Markets (collectively, the Financing Parties).
Platinum Equity was represented in Canada by Stikeman Elliott LLP with a team that included Ken Ottenbreit, Gordon Cameron, Hélia Taheri, and Victoria Zaric (M&A), John Lorito and Lindsay Gwyer (tax), Michael Urbani, Gawain Chan and Victor Gerchikov (securities), Michael Kilby (competition), Craig Mitchell and Shona Sinclair (banking), Lorna Cuthbert and Khalfan Khalfan (employment), Dana Porter and Julie Harmgardt (real estate), Patrick Duffy (environmental), Andrea Boctor (benefits) and Justine Whitehead and Komil Joshi (IP).
Platinum Equity was represented in the United States by Latham & Watkins LLP with a team that included David Brown, Jonathan Solomon, Victoria VanStekelenburg and Monica Hernandez (M&A), Tristan Colyar, Faisal Amin and Leakhena Mom (securities), Melissa Fabian, Claire Bourque, Alison Morris, Jovanna Grant and Scott Forchheimer (banking) and Matthew Conway (employment).
Platinum Equity was represented in Canada and internationally on competition and regulatory matters (including Investment Canada Act approval) by Baker McKenzie with a team that included Arlan Gates, Yana Ermak and Sarah Mavula in Canada, Keith Jones and Eva Crook-Santner in the United Kingdom, Stephen Crosswell and Laura Liu in China, Nicolas Kredel in Germany, Andreas Traugott in Austria, Mikolaj Piaskowski in Poland, Leana Engelbrecht in South Africa, Sinan Diniz in Turkey, and Olga Protchenko in Russia.
Husky, Berkshire and OMERS was were represented in Canada by Torys LLP, with a team that included John Emanoilidis, Matthew Atkey and Stephen Abrahamson (corporate/M&A), Jerald Wortsman and Craig Maurice (tax), Susan Nickerson, Jennifer Lennon and Caitlin Morin (employment), Omar Wakil (regulatory), Michael Fortier (environmental), Edward Fan (IP) and Graham Rawlinson (real estate).
Husky, Berkshire and OMERS were represented in the United States by Weil, Gotshal & Manges LLP, with a team that included Peter Feist, Shayla Harlev, Jakub Wronski, Alexander Miachika, Arnie Fridhandler, Adam Borenstein and James McDonough (corporate), Andrew Yoon and Brian Drozda (banking & finance), Heather Emmel and Aman Singh (capital markets), Mark Schwed and Emily Cummins (tax), Michael Nissan, Steven Margolis, Amanda Rosenblum and John Kleinjan (executive compensation & benefits), Jeffrey Osterman, Mary Lentowski and Jennifer Yoon (technology & IP transactions), Annemargaret Connolly, John O’Loughlin and Thomas Goslin (environmental), and Vadim Brusser and Jonathan Cheng (anti-trust), Ted Posner (regulatory) and Elliot Ganchrow (real estate).
The Financing Parties were represented in Canada by Blake, Cassels & Graydon LLP, with a team that included Alexis Levine, Jennifer Ruddick and Nora Bercovici (financial services), Ross McKee, Madison Wosminity and Yousaf Khan (securities), Linc Rogers, Chris Burr and Kelly Peters (bankruptcy and insolvency), Jonathan Khan (environmental), Lindsay McLeod (pensions) and Jeffrey Shafer (tax).
The Financing Parties were represented in the United States by Cahill, Gordon & Reindel LLP, with a team that included Lisa Collier, Sarah Walton, Andrew Lyon, Kostantinos Skordalos and Marc Lashbrook.