Debevoise Advises CD&R and Hussmann in the Sale of Hussmann to Panasonic for $1.545 Billion

21 December 2015

Debevoise & Plimpton LLP is advising Clayton, Dubilier & Rice (“CD&R”), controlling shareholder of Delaware corporation Hussmann Parent Inc. (“Hussmann Parent”), and Hussmann Parent in the acquisition of 100% of Hussmann Parent’s shares by Panasonic Corporation (“Panasonic”) for $1.545 billion.  Through the transaction, which is subject to antitrust clearance and other customary closing conditions, Hussmann Parent will become a wholly-owned subsidiary of Panasonic.

Hussmann Parent is the parent company of Hussmann Corporation (“Hussmann”).  Hussmann, based in Missouri, is a major industrial refrigerated, freezer display case manufacturer.

The Debevoise team is led by partner Andrew L. Bab and includes partner Gary M. Friedman, counsel Judith L. Church and Stuart Hammer and associates Matt Auten, Erin Cleary, Jordan Corrente Beck, Simone S. Hicks, Andrew M. Hirsch and Pankita D. Naik.

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.