Schulte Advises Mill Point Capital LLC in Carve-out Transaction

Schulte Roth & Zabel LLP represented Mill Point Capital LLC (“Mill Point Capital”) in connection with entering into a definitive agreement to acquire the commercial refrigeration and foodservice equipment businesses of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX) (“FEMSA”), doing business as Imbera and Torrey. The transaction is structured as a single corporate carve-out transaction. A newly formed affiliate of Mill Point Capital, AeriTek Global LLC, will unite FEMSA’s Imbera and Torrey businesses to form a leading manufacturer, designer and distributor of commercial refrigeration and foodservice equipment products. Mill Point Capital is a private equity firm focused on control investments in lower middle-market companies in North America across the industrials, business services and IT services sectors.

Schulte’s M&A team was led by partner Ben Kozinn, Co-chair of the M&A Group with special counsel Lauren Troeller, associates Mitch DaSilva and Julia Cummings and law clerk Joe D’Arco. The team also included lawyers in the Employment, Environmental, Finance and Derivatives, Intellectual Property, Investment Management, Real Estate and Tax Groups with Ted Keyes, Alex Kim, Ian Levin, Joseph Reich, Greg Ruback, Adam Gartner, Hannah Hollingsworth, Ngoc Pham Hulbig and Mila Lopez.

Mexico City-based co-counsel from Creel, García-Cuéllar, Aiza y Enríquez included Esteban Valadez Jiménez, Carlos Del Río, Alejandro Ortega García-Cuellar, Horacio Pavón Ballesteros, Patricio Demesa Morales, Eduardo Brandt, José Luis Flores Duclaud, Sebastián Martínez, Mauricio Serralde, Julio Álvarez, Joaquín Junco Álvarez and Nicole Woodward Castillo.