nVent: Thermal Management Business Sold to Brookfield for $1.7 Billion
Deal News | Feb 07, 2025 | Legal Community Swiss
nVent Electric, a company headquartered in London and listed on the NYSE, has successfully finalized the sale of its Thermal Management business to Brookfield Asset Management. The transaction, conducted at a sale price of $1.7 billion, includes the Raychem and Tracer brands. Legal expertise for the deal was provided by Bär & Karrer, with partner Ralph Malacrida leading the team. The sale is a strategic move for nVent, which designs and manufactures electrical products and services globally.
Sectors
- Electrical Products and Solutions
- Asset Management
- Legal Advisory
Geography
- United Kingdom – nVent Electric is headquartered in London, UK.
- United States – nVent is listed on the New York Stock Exchange (NYSE), indicating its significant operations in the US.
Industry
- Electrical Products and Solutions – nVent designs, manufactures, markets, installs and services electrical products and solutions.
- Asset Management – Brookfield Asset Management is involved as the acquiring firm in the transaction.
- Legal Advisory – Bär & Karrer's role as legal advisors in the transaction highlights the importance of legal services in M&A deals.
Financials
- USD 1.7 billion – Sale price for nVent's Thermal Management business.
- USD 3.3 billion – Market value of nVent Electric.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| nVent Electric | Target Company | Company | An electrical products and solutions company headquartered in London and listed on the NYSE. |
| Brookfield Asset Management | Bidding Company | Company | A global asset management firm that acquired nVent's Thermal Management business. |
| Bär & Karrer | Legal Advisor | Company | A Swiss law firm advising nVent on the sale transaction. |
| Ralph Malacrida | Lead Partner | Person | Led the Bär & Karrer team advising nVent on the transaction. |