Baker & McKenzie has advised global manufacturing and technology company Emerson on the international carve out aspects of its USD$1.44 billion sale of its Power Transmission Solutions business to Regal Beloit Corporation.

Led by London-based partner Peter Strivens and supported by senior associates Jannan Crozier and Richard Needham, the highly complex transaction involved eighteen jurisdictions with carve-out in all jurisdictions and cash repatriation in eleven jurisdictions. He said: "This highly complex cross-border deal plays to our global strengths and makes us stand out from the crowd. We were able to leverage off the Firm’s depth of resource, sophisticated project management techniques and our extensive geographical reach to provide our client with an exceptional service."

Power Transmission Solutions designs and manufacturers market-leading couplings, bearings, conveying components, gearing, drive components, and supporting services and solutions with brands including Browning, Jaure, Kop-Flex, McGill, Morse, Rollway, Sealmaster, and System Plast. It formed part of Emerson’s Industrial Automation segment.

The Baker & McKenzie cross-border team comprised partners and associates from many jurisdictions including: Belgium, Brazil, Canada, China, Colombia, France, Italy, Germany, Philippines, Netherlands, Mexico, Singapore, Spain, United Arab Emirates and the United Kingdom.

In 2013, Baker & McKenzie advised Emerson on the international carve out aspects of its sale of a 51% interest in its global Embedded Computer and Power business to Platinum Equity.