October 18, 2004
Willkie client K & F Industries, Inc. announces plans to be acquired by an affiliate of private equity firm Aurora Capital Group for a purchase price of $1.06 billion in cash.
On October 18, Willkie client K & F Industries, Inc. announced that it is being acquired by an affiliate of private equity firm Aurora Capital Group for a purchase price of $1.06 billion in cash, pursuant to a Stock Purchase Agreement. The transaction is expected to close in November, subject to customary conditions, including certain regulatory approvals. K & F, jointly owned by Bernard L. Schwartz and Lehman Brothers Merchant Banking, is one of the world's leading manufacturers of parts and systems for commercial, general aviation and military aircraft. Aurora Capital Group is a Los Angeles-based investment firm that acquires and builds companies in partnership with operating management. The October 19 edition of The Daily Deal reports that Willkie advised K & F on this transaction. The deal was handled by partner Neil Novikoff and of counsel Robert Hodes.