Davis Polk is advising JP Morgan Securities LLC as financial adviser to NN, Inc. in connection with the $825 million sale of its Life Sciences division to affiliates of American Securities LLC. Following the close of the transaction, NN’s Life Sciences division will combine with MW Industries, an American Securities portfolio company. The transaction is expected to be completed in the fourth quarter of 2020, subject to customary closing conditions.

NN, Inc., a diversified industrial company, combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. MW Industries is a provider of highly engineered springs, specialty fasteners, bellows and other precision components. Based in New York, American Securities is a leading U.S. private equity firm that has approximately $23 billion under management.

The Davis Polk corporate team includes partner Phillip R. Mills and associate Jenny Ge. All members of the Davis Polk team are based in the New York office.

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