On December 15, 2017, Dometic AB, a Sweden-based maker and seller of products for mobile living, such as vehicle parts, food and hygiene items, announced its acquisition of SeaStar Solutions, a leading provider of vessel control and fuel systems and aftermarket products to the leisure marine industry, from an affiliate of New York-based private equity company American Securities LLC. The transaction is valued at US$875 million (approximately $1.1 billion) and was fully financed via cash and committed bank facilities.
Lawson Lundell LLP advised Dometic AB on Canadian matters, with a team that included Andrew Robertson and Zander Grant (corporate), Megan Kaneen and Lisa Chamzuk (pensions and benefits), Rob Sider, Katy Allen and Deborah Cushing (labour & employment), Marko Vesely (litigation), Jennifer Nyland and Will Shaw (environmental), and Len Glass and Gareth Williams (tax).
Borden Ladner Gervais LLP advised the vendors, on Canadian matters with a team that included Jennifer Archer and Andrew Hennigar (corporate), Kristen Kjellander (tax) and Davit Akman (competition).
Alvarez Arrieta & Diaz-Silveira represented Dometic AB as US Counsel and coordinated a group of specialized counsel that assisted on the matter that included Danziger & Markhoff LLP for ERISA matters, Seward & Kissel LLP for HSR matters, and Arnold & Porter Kaye Scholer LLP who represented the seller.