Wardyński & Partners advises Industrial Growth Partners
03.12.2016
Industrial Growth Partners, a private equity fund, has acquired Climax Portable Machine Tools. The closing occurred on 25 June 2013.
Industrial Growth Partners is one of the few funds investing in the industrial machinery sector. It currently cooperates with firms such as Cambridge International and Controls Southeast.
IGP was founded in 1997, and since then has raised USD 1.4 billion.
Climax Portable Machine Tools Inc., based in Newberg, Oregon, produces equipment for machining and welding. Last year the company had sales of mobile devices, used among other things for making repairs in mines, ranging from USD 10 to 50 million.
The law firm’s advice involved preparing a due diligence report on Climax’s Polish subsidiary and identifying legal risks during the acquisition.