We are advising Brookfield on the transaction

Davis Polk is advising Brookfield Capital Partners LLC, through its flagship private equity strategy, on its approximately $2.8 billion acquisition of Reliance Worldwide Corporation Limited (RWC). Under the terms of the transaction, Brookfield will acquire 100% of RWC’s ordinary shares for $3.38 per share in cash. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions.

Brookfield is a leading global investment firm with more than $1 trillion in assets under management. The firm owns and operates high-quality businesses and real assets that provide essential services and form the backbone of the global economy. Brookfield invests on behalf of institutions and individuals around the world across infrastructure, energy, private equity, real estate and credit.

RWC is a global manufacturer of plumbing and heating solutions headquartered in the United States, with operations across the Americas, Europe and the Middle East, and Asia Pacific. The company is a market leader in push-to-connect fittings for plumbing systems and also offers a range of adjacent plumbing products. RWC’s shares are listed on the Australian Securities Exchange.

The Davis Polk corporate team includes partner Leonard Kreynin and associates William Zachary Mineo and Willa Lu. Partner Hilary Dengel and associate James Moore are providing sponsor finance advice. Partner Corey M. Goodman is providing tax advice. Partner Frank Azzopardi is providing intellectual property and commercial transactions advice. Partner Jennifer S. Conway and counsel Meir Katz are providing U.S. executive compensation advice. Counsel Neil Sharpe is providing U.K. executive compensation advice. Members of the Davis Polk team are based in the New York and London offices.

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