Private equity firm Milestone Partners completed the sale of its Canada-based portfolio company, Precision Partners Holding Company, to AK Steel for approximately $360 million. Our firm acted as deal counsel for Milestone in the transaction, coordinating multiple legal teams across multiple jurisdictions.
This transaction represented an enormous success for Milestone and was critical to achieving its long-term institutional business plan. It was also highly complicated, involving an unusual and innovative exit structure to minimize client risk and maximize the ability to achieve closing.
