Sullivan & Cromwell LLP, Khaitan & Co and Ropes & Gray LLP advised on CBRE Group’s acquisition of Pearce Services from New Mountain Capital.
The initial purchase price is approximately $1.2 billion in cash plus a potential earn-out of up to $115 million, subject to Pearce meeting certain performance thresholds in 2027.
Pearce Services provides design engineering, maintenance, and repair services for blue-chip clients in North America, with primary markets including Critical Power & Cooling Systems, Renewable Energy Generation & Storage, Wireless & Fiber Networks, and Electric Vehicle Charging Networks.
Sullivan & Cromwell LLP as legal advisor to CBRE.
Khaitan & Co advised the CBRE Group on Indian law aspects of its acquisition of Pearce Services from New Mountain Capital. The core team consisted of Rabindra Jhunjhunwala, Ayush Nanda and Arun Kumar, with assistance from Moin Ladha (Regulatory aspects), Deepak Kumar (Employment Law), Anisha Chand (Antitrust) and Sourav Dan (Intellectual Property).
Ropes & Gray LLP acted as legal advisor to New Mountain Capital and Pearce Services.
This team included Private Equity Partners Todd B. Kornreich and Carl Marcellino, Finance Partner Stefanie Birkmann, Tax Partner Alyssa Kollmeyer, Executive Compensation & Employee Benefits Partner Danna Kivell and Counsel Sean Smith and Jenny Cooper, IP Transactions Partner Jordan Altman, Environmental Partner Peter Alpert, Litigation & Enforcement Partner Jonathan Klarfeld and Counsel Heather Sprague and Kurt Fowler, data privacy partner Fran Faircloth, and Private Equity Associate Brian Durkin.
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.
