Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 25-01-2023 | Practice Area: | Corporate and M&A |
| Deal Title: | ABB Sale of Power Conversion Division | Industry: | Electricity |
| Description: |
Milbank LLP advised global electrification and automation leader ABB on the sale of its Power Conversion division to AcBel Polytech Inc., a Taiwan-based power management solutions company. The $505 million cash transaction was expected to close in the second half of 2023, subject to regulatory approvals.
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| Financial Center: | New York | Value: | 500.01-1000.00 |
| Advised Party: | Vendor | Law Firm | Milbank |
| Target Company Jurisdiction: | United States | Acquiror Jurisdiction: | United States |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Neil Q Whoriskey |
