In a pair of landmark transactions, Foley Hoag advised Standex International Corporation (NYSE: SXI) on acquiring US-based Amran Instrument Transformers and India-based Narayan Powertech Pvt. Ltd. The dual acquisitions, combined, represent the largest purchase in Standex's corporate history, and significantly expand Standex’s presence in the fast-growing, high-margin electrical grid end market.

The transactions represent a combined enterprise value of approximately $462 million, comprised of cash and Standex common stock. The cash consideration of the transactions was financed using cash-on-hand, existing credit facilities, and a $250 million 364-day term loan with existing lenders.  Foley Hoag’s debt team advised Standex on the new term loan.

A cross-discipline team of Foley Hoag attorneys guided on the M&A transactions. The team was led by Peter Rosenblum and William Kolb, with support from Nitzan Fisher Conforti, Sarah Nyaeme, Chawkat Ghazal, Ryan Rourke Reed, Earl Mellott, Christopher “Kip” Cawley, Teresa Martland and Alexandra Levay.  The work on the term loan and related credit documents to finance the transactions was done by Thomas Draper, Nicholas Gill and Elijah Beal. 

Read more about the transactions here.