The Carlyle Group Purchases Rexnord

Global private equity firm, The Carlyle Group closed its international purchase, on November 25, 2002, of the Rexnord Corporation, a worldwide manufacturer of highly engineered mechanical power transmission components, from Invensys plc for approximately US$900 million.

The Carlyle Group was represented by John Leopold, Jean Farley, Michel Legendre and Sophie Lamonde of Stikeman Elliott LLP in Canada, and by Robert Kennedy, Daniel Lennon and Joseph Simei (corporate), Joe Sullivan and Cheryl Coe (tax), Jed Brickner, Patricia Moran and Claudia Hinsch (benefits), Scott Schang (environmental) and Marc Jaffe, Rachel Sheridan, Jim Ritter, Jenny Van Driesen and Jeff Chenard of Latham & Watkins LLP in the U.S.

In Canada, Bill VanderBurgh, Lisa Marcuzzi, Glenn Kennedy and Barb Lawrie of Aird & Berlis LLP acted for Invensys and the Canadian subsidiary of Rexnord, assisting Paul Lovejoy and John Quattrocchi (corporate), Kenneth Heitner and Eric Lowenstein (tax), Mary Jean Potenzone and Lillian Speiss (benefits) and Annemargaret Connolly (environmental) of Weil, Gotshal and Manges LLP.