Skadden Helps Hillenbrand Acquire $530M Equipment Co.

Law360, New York (October 16, 2012, 2:16 PM EDT) -- Industrial corporation Hillenbrand Inc. plans to scoop up German manufacturing company Coperion Capital GmbH from private equity-backed Deutsche Beteiligungs AG  for about €408 million ($530 million), considerably bulking up its process equipment group, the companies announced Tuesday.

As part of the deal, which will be financed by a mix of cash and credit facilities, Hillenbrand will assume about €76 million of Coperion's net debt and €100 million pension liability, the companies said. In return, Coperion will become the largest unit in Hillenbrand's process equipment group and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.