Vectra Announces Agreement to Sell Borchers Business Division to Affiliates of The Jordan Company
Paul, Weiss represents Vectra Co., a leading technology-driven diversified company, and portfolio company of investment funds affiliated with Apollo Global Management, LLC, in its agreement to sell its Borchers business division to affiliates of The Jordan Company, L.P., a U.S.-based private equity firm. Terms of the agreement were not disclosed. The transaction is expected to close in January 2017, subject to customary closing conditions.