Shearman & Sterling advised Golub Capital Markets LLC, as administrative agent, on a $1.335 billion financing, consisting of a $1.125 billion senior secured term loan facility, a $150 million senior secured delayed draw term loan facility and a $60 million senior secured revolving credit facility to finance the acquisition by CVC Capital Partners of Radwell International, LLC and its subsidiaries.
Radwell International, Inc. stocks, sells, and services new and surplus industrial automation, MRO, pneumatic, motion, electronic, hydraulic, HVAC and electrical control equipment for plant floor and facility maintenance machinery. It sells and repairs circuit boards, drives, encoders, gauges, monitors/PC’s, motors, panel meters, PLC’s, pneumatics, power supplies, pressure controls, process controls, recorders, safety controls, SCR controls, sensors, temperature controls, test equipment, timers/counters, valves, calibration products and others. The company also has full component level repair capabilities for all industrial electronic and electrical equipment and provides industrial electronic and servo motor repair services. It services vehicle manufacturers, chemical plants, food processing facilities, municipalities, government agencies, bakeries, power plants, amusement parks, exporters, plastic molding and extruders, steel plants and a list of other business sectors.
The Shearman & Sterling team below included associates Austin Peace and Andrew Mavers (both NY-Finance).