Latham & Watkins Advises Platinum Equity in CAD$1.35 Billion Acquisition of Héroux-Devtek

Héroux-Devtek Inc. (TSX: HRX) (Héroux-Devtek or the Corporation), a leading international manufacturer of aerospace products and the world's third-largest landing gear manufacturer, has announced that it has entered into an arrangement agreement with an affiliate (the Purchaser) of Platinum Equity Advisors, LLC (Platinum Equity), a US-based private equity firm, pursuant to which the Purchaser will acquire all the issued and outstanding common shares of the Corporation, other than the shares to be rolled over by members of senior management of the Corporation, for CAD$32.50 in cash per share, representing a total enterprise value of approximately CAD$1.35 billion, subject to customary closing conditions. Following completion of the transaction, the Corporation will become a privately held company and will apply to cease to be a reporting issuer under Canadian securities laws and the common shares will no longer be publicly traded on the Toronto Stock Exchange.

Latham & Watkins LLP represents Platinum Equity in the US, UK, and Spain aspects of the transaction with a cross-border corporate deal team led by Washington, D.C. partners David Brown and Victoria VanStekelenburg, with associates Lauren Stern and Tim Crump, London partner Tom Evans, with associate Angus Baird, Madrid partner Ignacio Pallarés, and Madrid counsel Carmen Esteban, with associate Lucía de Bustos. Advice was also provided on private equity finance matters by Washington, D.C. partners Scott Forchheimer and Melissa Frankel Fabian; on tax matters by New York partner Matthew Dewitz; on US employee benefits matters by Washington, D.C. partner Matthew Conway; on UK employee benefits matters by London partner Sarah Gadd; on Spain employee benefits matters by Madrid partner Naiara Rodríguez-Escudero and Madrid counsel Guillermo Ruiz de Salazar; on government contracts matters by Washington, D.C. partner Kyle Jefcoat; on intellectual property matters by London partner Deborah Kirk and Washington, D.C. counsel Kieran Dickinson; on environmental matters by Washington, D.C. partners James Barrett and Julie Hatcher and Madrid partner José María Alonso; on ESG matters by London partner Paul Davies and London counsel Michael Green; on real estate matters by London partner Quentin Gwyer, London counsel Michael Beanland, and Chicago counsel Jeffrey Anderson; on anti-corruption and trade controls matters by Washington, D.C. partners Joseph Bargnesi and Eric Volkman and London partner Robert Price; on US antitrust and FDI matters by Washington, D.C. partners Amanda Reeves and Patrick English and Washington, D.C. counsels Joseph Simei and Francesca Pisano; and on European antitrust and FDI matters by Hamburg partner Jana Dammann de Chapto, Brussels partner Anthemis Economou, Milan partner Cesare Milani, Madrid partner José María Jiménez-Laiglesia, and London counsel Ludmilla Le Grand.