Debevoise & Plimpton LLP is advising Alliance Laundry Systems (“the Company” or “Alliance”) and Ontario Teachers’ Pension Plan (“Teachers’”) in the sale of a majority interest in the Company by Teachers’ to BDT Capital Partners, LLC. Teachers’ is expected to retain a minority interest in the Company following the completion of the transaction.
Teachers’ Private Capital (“TPC”), the private equity group of Teachers’, acquired Alliance in January 2005. During their ownership, Alliance expanded operations outside North America, to Europe, the Middle East, Africa and Latin America and successfully entered new segments and served new end markets. Completion of the transaction is expected in the third quarter of 2015. Additional terms of the deal were not disclosed.
Alliance Laundry Systems is the leading designer, manufacturer and marketer of commercial laundry equipment used in laundromats, multi-housing laundries and on-premise laundries. Under the well-known brand names of Speed Queen®, UniMac®, Huebsch®, IPSO®, Primus® and Deli®, Alliance produces a full line of commercial washing machines, dryers and ironers.
The Debevoise team is led by partner Margaret Andrews Davenport and includes partners Peter A. Furci, Gary M. Friedman and Jonathan F. Lewis, counsel Stuart Hammer and associates Jessica Batzell, Katherine E. Durnan, Ben Lee Friedman, Emily F. Huang, Stephanie Margulies and Katharine R. Steele.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.