Lawyer Monthly - February 2023

Rubicon Partners’ Acquisition of CMD fromIdeal Industries About the Deal Druces advised IDEAL INDUSTRIES INC. in connection with the sale of one of its divisions, CMD, to private equity group Rubicon Partners. IDEAL is a global, diversified family-owned business designing and manufacturing superior products for the electrical, lighting and infrastructure industries. CMD was previously owned by Rubicon, who created the business in 2001 through the integration of three separate companies. Today, its business portfolio includes workstation power, power distribution and ergonomic solutions for employee performance, with 158 employees between its Rotherhammanufacturing unit and London showroom. Managing Director Jon Holding will remain in position following the acquisition, as will the rest of the existing management team. Rubicon is a London-based investment partnership with a focus on the acquisition of complex industrial businesses across Europe and North America. CMD will be the sixth investment made through its Fund V, which also includes Amey’s utilities division. Antony Cotton and Claire Rigby led Druces’ corporate team in advising IDEAL. Other members of Druces who supported Antony and Claire on the deal included Neil Pfister in respect of Intellectual Property, Paul White in respect of Tax and Adrian Footer in respect of Real Estate. TRANSACTIONREPORTS 95 Transaction Report Legal Advisor to Ideal Industries, INC.:

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