Foley & Lardner represented Dallas-based private equity firm Rosewood Private Investments in the sale of its portfolio company Novaria Group to global investment firm KKR. The transaction closed on January 27, 2020, after all necessary regulatory clearances were obtained.
Novaria, based in Fort Worth, Texas, is a premier independent supplier of complex, highly engineered components and specialty processes for the aerospace and defense industry. The transaction was funded by KKR through its Americas XII Fund. Since Rosewood’s initial investment in Novaria in 2014, the company has completed numerous additional acquisitions that substantially expanded its capabilities and product offerings.
The Foley team was led by Dallas partner Chris Converse, senior counsel Chris Babcock, of counsel Dovi Adlerstein and also included partners Steve Gilles, Mike Dubner and associates Rachael Mozelewski and Nikki Smith. KKR was represented in the transaction by Kirkland and Ellis.