April 6, 2021 (New York) – Proskauer, a leading international law firm, today announced that it advised Stellex Capital Management ("Stellex"), a private equity firm that invests in middle-market companies, in the completion of its acquisition of the US- and Australia-based conveying business units from Komatsu Mining Corp. by certain of its affiliates. Komatsu is a leading designer and manufacturer of material handling conveyor systems and components used in a variety of end markets, including mining and minerals, industrial processing, and aggregates.
The financial terms of the transaction were not disclosed.
The Proskauer team was led by James C. H. Lee and Jae W. Park, together with Grant R. Darwin, Charlie Peskowitz, Christina Robinson (Corporate); Kate Napalkova, Katrine Magas, Katrina McCann (Employee Benefits & Executive Compensation); Malcolm Hochenberg, Kathleen Semanski (Tax); Wai Choy, Jordan Horowitz, Ryan Blaney (TMT); Aliza Cinamon (Environmental); Nicole Eichberger, Steven Porzio (Labor & Employment); Jinyoung Joo, Nancy Kil, Carolyn Killea (Debt); Chris Pennington, Matthew Blair (Real Estate); and Kelly Landers Hawthorne (Litigation).
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