BSF’s Corporate Group Advises Water Pik in Sale of Majority Stake
Boies, Schiller & Flexner acted as counsel to EGWP Acquisition Corp., an affiliate of client EG Capital and the ultimate parent entity of WaterPik, Inc., a leader in oral hygiene, faucet and showerhead products, in connection with the sale of WaterPik to a MidOcean Partners and co-investors Vulcan Capital, Northwestern Mutual andCheyenne. The consideration paid was in excess of $335 million, and was funded by a combination of credit financing, equity contributed by the buyers and an equity rollover from WaterPik management. The deal was announced on July 9, 2013.
The BSF team working on the transaction consisted of partners Robert Leung (corporate), Michael Kosnitzky (tax) and Robert Lia (executive compensation), corporate counsel Thomas Fritsch, corporate associates Russell Franklin and Candace Moss and tax associate Ivan Mitev.
Law360, July 9, 2013
Kirkland Reps MidOcean, Vulcan In Water Pik Buy
Press Release, July 9, 2013
MidOcean Partners Announces Acquisition of Water Pik