General Electric $1.65 billion acquisition of LM Wind Power

11/10/2016

Public acquisition

Value:

$ 1.65 billion

Status:

Announced

Date:

11/10/2016

Overview:

General Electric has acquired Denmark-based LM Wind Power in a $1.65 billion deal.
LM produces rotor blades used in wind turbines.
The seller was British private equity firm Doughty Hanson.
LM has 13 factories worldwide, with locations in Europe, the US, India, and China.
The deal is expected to close within the first half of 2017.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Denmark
United Kingdom

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Industry sectors:

Energy
Industrials and manufacturing

Firms:

DLA Piper

Party: General Electric (Acquirer)

Lawyers: Ben Forgiel-Jenkins, Jon Hayes

Skadden Arps Slate Meagher & Flom

Party: Doughty Hanson (Seller)

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