Pillsbury advises Atlas Copco on agreement to purchase Edwards Group for $1.6bn

A cross-practice team from Pillsbury, including corporate partners Stephen Rusmisel and Don Kilpatrick, has advised Swedish-based industrial group Atlas Copco in its agreement to purchase Edwards Group Ltd for $1.6bn.

The deal, which marks Atlas Copco’s biggest purchase in 14 years, has been unanimously approved by the boards of directors of both companies and is expected to close in the first quarter of 2014.

Members of the law firm’s team included James Campbell, Samuel Pearse, Courtney Reichuber, Adam Walczak in corporate; Scott Landau and Bradley Benedict in executive compensation and benefits; Chuca Meyer in regulatory; and Jim Chudy, Anne Fairpo, Harsha Reddy and Nora Burke in tax.

Edwards will become part of Atlas Copco’s newly created vacuum solutions division within the Compressor Technique business area.