Bridgepoint sale of DMC Power to Golden Gate Capital
We advised Bridgepoint on the transaction
Davis Polk advised Bridgepoint on the sale of DMC Power to Golden Gate Capital. Financial terms of the transaction were not disclosed.
Bridgepoint is one of the world’s leading private asset growth investors, specializing in private equity and private debt. With over €38 billion of assets under management and a strong local presence in Europe, the United States and China, Bridgepoint combines global scale with local market and sector expertise, consistently delivering strong returns through cycles.
DMC Power supplies permanent couplings and associated tooling to the U.S. and Canadian electricity transmission and distribution industry for use primarily in high voltage electricity sub-stations. DMC Power operates two manufacturing facilities in Carson, California, and Olive Branch, Mississippi, along with multiple distribution facilities strategically located across North America. With a team of over 200 employees, DMC Power is also a category leader in employee health and safety and environmental sustainability.
The Davis Polk corporate team included partner Harold Birnbaum and associate Jerry O’Young. Partner Veronica M. Wissel and associate Kerri Thompson provided executive compensation advice. Partner Corey M. Goodman and associate Tyler Scheiner provided tax advice. Partner Hilary Dengel provided sponsor finance advice. Partner Jesse Solomon and counsel Mary K. Marks and Nathan Kiratzis provided antitrust and competition advice. Members of the Davis Polk team are based in the New York and Washington DC offices.