Shearman And Sterling

News August 02, 2021

CentroMotion’s $645 Million Acquisition Financing

Shearman & Sterling advised JPMorgan Chase Bank, as administrative agent on a $645 million financing for CentroMotion, a portfolio company of One Rock Capital Partners, consisting of a $420 million secured term loan B facility, a $125 million delayed draw term loan facility and a $100 million asset based revolving credit facility to finance the acquisition of Carlisle Brake & Friction by CentroMotion.

CentroMotion provides advanced actuation and motion control systems. It engages in designing and manufacturing operations of motion control solutions, control systems, actuation solutions and customized industrial components. CentroMotion was formerly known as Engineered Components & Systems and changed its name to CentroMotion in November 2019. The company was incorporated in 2019 and is based in Waukesha, Wisconsin. It has locations throughout the United States, Asia and Europe.

Carlisle Brake & Friction manufactures and supplies transmission and brake system solutions. The company provides products in the categories of brake actuation, brake friction, brakes, carbon technology, transmission and clutch friction and custom solutions. It offers parts, service and technical support solutions to vehicle manufacturer service channels and the global independent markets. The company serves customers in agriculture, mining, construction, defense, aerospace, material handling, industrial, renewable energy, on-highway and rail markets.

The Shearman & Sterling team below included associate Gina Eum (NY-Finance).

The Team