Latham & Watkins Advises SK Capital in Acquisition of North America Composites & Fuel Containment Division From Parker Hannifin Corporation

SK Capital Partners (SK Capital), a New York-based private investment firm focused on the specialty materials, ingredients, and life sciences sectors, announced it has signed a definitive agreement to acquire the North America Composites & Fuel Containment Division of Parker Hannifin Corporation (NYSE: PH). The transaction is expected to close in the fourth quarter of 2024.

Latham & Watkins LLP represents SK Capital in the transaction with a corporate deal team led by Washington, D.C. partners Nick Luongo and Elizabeth More, with associates Lauren Stern, Maddie Merkle, and Samantha Camy. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson and New York partner Matthew Dewitz, with associate Ted Gkoo; on benefits and compensation matters by Washington, D.C. partner Matthew Conway and Houston counsel Krisa Benskin, with associate Christina Schrantz; on labor and employment matters by Chicago partner Nineveh Alkhas, with associate Elizabeth Duncan; on antitrust by Washington, D.C. partner Peter Todaro, Bay Area partner Joshua Holian and Brussels counsel Wesley Lepla, with associate Ben Bouwman; on FDI matters by Hamburg partner Jana Dammann De Chapto and Milan partner Cesare Milani, with associates Laura Lange and Edoardo Cassinelli; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo; on data privacy matters by Washington, D.C. partner Tony Kim and Houston/Austin counsel Robert Brown, with associate Kiara Vaughn; on finance matters by Washington, D.C. partner Katherine Putnam, with associates Melissa Doura, Joshua Haberl, and Mahika Narula; on government contracts and security clearance matters by Washington, D.C. partners Damara Chambers, Kyle Jefcoat, and Dean Baxtresser, with associates Walter Perry and Elliot Hecht; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Ryan Clore and Tyra Richmond; on real estate matters by New York partner Dara Denberg and New York counsel Lisa Brabant; on trade controls matters by Washington, D.C. counsel Andrew Galdes, with associate Eric Green; on anti-corruption matters by Washington, D.C. partner Joseph Bargnesi; and on insurance matters by Los Angeles partner Drew Levin, with associate Lauren Richardson.