Carey Olsen's corporate team in Jersey has represented Rosebank Industries plc ("Rosebank") in connection with its announced acquisition of MW Components and CPM from American Securities LLC.
The transaction values the combined businesses at an enterprise value of approximately US$3.05 billion (approximately £2.28 billion) on a debt and cash-free basis. The acquisition will be financed through a fully underwritten institutional capital raise of approximately £1.9 billion alongside new debt facilities.
MW Components is a leading US provider of highly engineered, bespoke fasteners, springs and precision metal components, with strong market positions. CPM is an innovative leader in highly engineered processing equipment used in oilseed, animal feed production, renewable energy, plant based foods and industrial materials, with market leading brands and strong customer relationships with blue-chip clients.
Established in 2024, Rosebank's strategy is to acquire quality industrial or manufacturing businesses with strong fundamentals whose performance may be improved.
The Carey Olsen team included corporate partners David Taylor and Katherine Tresca, and associates Jacob Woodhouse and Damilola Obafemi, working alongside lead counsel Simpson Thacher & Bartlett.