Fried Frank acted as counsel to JP Morgan as financial advisor to Kaman Corporation (Kaman) in its US$700 million definitive agreement to sell its Distribution segment to affiliates of Littlejohn & Co. (Littlejohn). Kaman conducts business in the aerospace and industrial distribution markets. Littlejohn is an investment firm focused on private equity and debt investments, primarily in middle market companies. The transaction is expected to close in the third quarter of 2019.
The Fried Frank team was led by corporate partner Philip Richter and included corporate associate Roy Tannenbaum.