August 6, 2015 -- Alliance Laundry Systems, the leading, global designer and manufacturer of commercial laundry equipment, announced that BDT Capital Partners, LLC, through its investment funds, has agreed to acquire a majority interest in Alliance from Ontario Teachers' Pension Plan. Teachers' is expected to retain a minority interest in Alliance following the completion of the transaction. Cravath, Swaine & Moore LLP is representing BDT in connection with this transaction, which is expected to be completed in the third quarter of 2015. Additional terms of the deal were not disclosed.
The Cravath team was led by partner Ting S. Chen and included associates Nicholas M. Foley, Katerina M. Novak and Tony Fan (M&A); partner Paul H. Zumbro and associates C. Daniel Haaren and Caitlin M. Hyduke (financing); partner Stephen L. Gordon and associate Kiran Sheffrin (tax); partner Eric W. Hilfers, practice area attorney M. C. Tania Balthazaar and associate Matthew Cantor (executive compensation and benefits); partner Joseph D. Zavaglia and associates Daniel J. Cerqueira and William F. Roegge (securities); partner Matthew Morreale (environmental); partner David J. Kappos and associate Christopher P. Davis (intellectual property); practice area attorney Robin C. Landis and associate Jesse M. Weiss (antitrust) and practice area attorneys Gary R. Eisenman and Brian M. Budnick (real estate). Summer associate Shaylyn Harper also worked on M&A matters.