Latham & Watkins Represents D.E. Shaw Group in Investments in Form Technologies

Form Technologies, Inc., a global leader in the production of precision-engineered components, has announced that Ares Management funds have acquired a majority of the Company’s common equity. In connection with the transaction, Form Technologies has substantially deleveraged its balance sheet and received approximately US$304 million in new equity capital, comprising US$154 million of common equity from investors including Ares, the D.E. Shaw group, and Onex Credit, as well as US$150 million of preferred equity from the D.E. Shaw group and Ripple Industries. The new capital is expected to support additional investment in Form Technologies’ leading operational capabilities and accelerate the Company’s commercial strategy.

Latham & Watkins LLP represented D.E. Shaw group in connection with the transaction with a team led by partners Stelios Saffos and Peter Sluka, Global Co-Chairs of Latham’s Hybrid Capital Practice, and partner Andrew Blumenthal, with associates Adam Weber and Madison Venezia. Advice was also provided on tax matters by partner Pardis Zomorodi, with associate Dennis Poehland.