Kirkland & Ellis is advising AE Industrial Partners and its portfolio company American Pacific Corporation (AMPAC) on the sale of AMPAC Intermediate Holdings, LLC, the ultimate parent company of AMPAC, to NewMarket Corporation (NYSE: NEU), for approximately $700 million. The transaction, announced on December 4, 2023, is expected to close during Q1 2024, subject to the satisfaction or waiver of customary closing conditions.
The Kirkland team is being led by corporate partners Matthew Arenson, Jeffrey Swatzell and Andrew Struckmeyer, with support from corporate partners Doug Gessner and Jeremy Liss; tax partners Rachel Cantor and Steven Cantor; technology & IP transactions partners Aaron Lorber and Jeffrey Seroogy; employee benefits partner Jeffrey Quinn; real estate partner Joshua Faulkner; executive compensation partners Michael Falk and Jabir Yusoff; employment & labor partner Sydney Jones; environmental transactions partner Christian Semonsen; government contracts partner Boyd Greene; international trade & national security partners Mario Mancuso and Luci Hague; debt finance partners Michelle Kilkenney and Carolyn Aiken; and antitrust & competition partners Mike Thorpe, Scott Scheele and Mark Gardner and of counsel Donna Peel.
