Ropes & Gray Advises GE Current, a Daintree Company, in the Acquisition of Hubbell Inc.’s Commercial and Industrial Lighting Business
Ropes & Gray advised GE Current, a Daintree Company (Current), in a definitive agreement to acquire Hubbell Inc.’s commercial and industrial (C&I) lighting business for a base cash purchase price of $350 million, subject to customary adjustments. The transaction is expected to close in the first quarter of 2022. It was announced in an Oct. 26 press release.
The Hubbell C&I lighting business, based in Greenville, South Carolina, is a leading provider of professional lighting, lighting controls and connected lighting. Current enhances commercial and industrial facilities, cities, greenhouses and all specialty applications with advanced lighting and intelligent controls.
The Ropes & Gray team that advised Current was led by private equity partner Daniel Evans (New York), and included private equity partner Todd Kornreich (New York), leveraged finance partner Stefanie Birkmann (New York), employment, executive compensation & benefits partners Alexandra Alperovich (New York) and Megan Bisk (Boston), litigation & enforcement counsel Steven Kaye (Boston) and Lee Gayer (New York), tax partner Adam Greenwood (New York), real estate partner Peter Alpert (Boston), private equity associate Amirali Agha-Khan, debt finance associate Ethan Scheinberg, and tax associate Tristan Evans-Wilent (all of New York).