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Jenner & Block represented Hephaestus Holdings, Inc. (HHI), a KPS Capital Partners, LP (KPS) business that manufacturers forged parts for power train and wheel end applications, in its recent acquisition of a forged metal component provider, FormTech Industries.
According to KPS, HHI acquired FormTech free and clear of substantially all liens, claims, encumbrances and interests through an auction conducted as part of a sale process under Section 363 of the United States Bankruptcy Code. In addition, with this acquisition, HHI becomes the largest independent manufacturer of forged parts and the leading manufacturer of wheel bearings for the North American automotive industry.
KPS is the manager of the KPS Special Situations Funds, a family of private equity funds with over $2.6 billion of committed capital focused on constructive investing in restructurings, turnarounds and other special situations.
The Jenner & Block legal team on this matter was led by Partners Michael T. Wolf and Elizabeth A. Davidson and Associates Peter H. Rosenbaum, Marc E. Harrison and Mercedes M. Hill.
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