Latham & Watkins Advised Gentherm In Business Combination With Modine’s Performance Technologies Business

Latham & Watkins Advised Gentherm in Business Combination With Modine’s Performance Technologies Business

Latham & Watkins advised Gentherm in connection with its business combination with Modine’s Performance Technologies business. Gentherm (NASDAQ: THRM), a global market leader in innovative thermal management and pneumatic comfort technologies, and Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, have entered into a definitive agreement whereby Modine will spin off and simultaneously combine its Performance Technologies business with Gentherm in a Reverse Morris Trust (RMT) transaction, which is intended to be tax free for Modine and Modine shareholders for US federal income tax purposes. The transaction is valued at approximately US$1 billion.

The Latham & Watkins LLP deal team led by Chicago Bradley Faris (Partner), and Jason Morelli (Partner), with Maddie Merkle (Associate), and Meghan McDuff (Associate). Advice was provided on tax matters by Los Angeles Pardis Zomorodi (Partner), and Houston Jared Grimley (Partner), with Dominick Constantino (Associate), on executive compensation and benefits matters by Chicago Ben Rosemergy (Partner), with Robin Hellebrekers (Associate) on debt financing by Chicago Cindy Caillavet Sinclair (Partner), and Katie Stork (Counsel), with James Akinleye (Associate) on capital markets matters by Chicago Roderick Branch (Partner), and Manasi Bhattacharyya (Counsel) on US antitrust matters by Bay Area Josh Holian (Partner) on ex‑US antitrust matters by Brussels Tomas Nilsson (Partner), and Hamburg Jana Dammann de Chapto (Partner), with Matteo Candioti (Associate), and Enno Mensching (Associate) on intellectual property matters by New York Pelin Serpin (Partner), with Sebastian Moss (Associate), and Ece Gonulal (Associate) and on FCPA compliance matters by Chicago Meredeith Monroe (Partner), with Alex Beer (Associate).

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