Berkshire Partners’ Acquisition of Majority Stake in Harvey Performance Company

Paul, Weiss advised Berkshire on the transaction. Kirkland & Ellis advised Summit Partners on the deal.

Berkshire Partners executed its acquisition of a majority stake in Harvey Performance Company from Summit Partners. Financial terms of the transaction were not disclosed.

Berkshire Partners, a Boston-based firm, has 35 years of investment history. Berkshire Private Equity has made more than 135 private equity investments since its inception and has a strong history of partnering with management teams to grow the companies in which it invests. 

Harvey is a leading designer and manufacturer of specialized cutting tools for precision machining applications.

Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $42 billion in capital dedicated to growth equity, fixed income, and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 550 companies in technology, healthcare

The Paul, Weiss team included corporate partners Ellen Ching (Picture), Jeffrey Marell, Monica Thurmond and Christopher Cummings, and counsel Suhan Shim; executive compensation partner Jarrett Hoffman and counsel Jake Glazeski; tax partner Scott Sontag; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; antitrust counsel Marta Kelly; environmental counsel William O’Brien; and litigation counsel Peter Jaffe and Steven Herzog.

Involved fees earner: Ellen Ching – Paul Weiss Rifkind Wharton & Garrison; Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Jake Glazeski – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Jarrett Hoffman – Paul Weiss Rifkind Wharton & Garrison; Peter Jaffe – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Jeffrey Marell – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Suhan Shim – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Monica Thurmond – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Berkshire Partners;