Pfingsten Partners Acquires Bailey International

Chicago-based private equity firm Pfingsten Partners has acquired Bailey International, a Knoxville, TN-based manufacturer and distributor of mobile fluid power components including hydraulic cylinders, power units, pumps, valves, motors, hoses and fittings, bearings and bushings used primarily in mobile equipment applications. Global law firm Paul Hastings advised on the transaction.

PRESS RELEASE

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Chicago-based private equity firm Pfingsten Partners in the acquisition of Bailey International, a Knoxville, TN-based manufacturer and distributor of mobile fluid power components including hydraulic cylinders, power units, pumps, valves, motors, hoses and fittings, bearings and bushings used primarily in mobile equipment applications.

Private Equity partner Brian Richards led the Paul Hastings team, which also included Corporate partner Christopher Sheaffer, Tax partner Jim Smulkowski, Finance partner Louis Hernandez, and associates Emma Lange-Novak and Kim Edsenga.