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Simpson Thacher Represents JPMorgan as Financial Advisor to Raven Industries in Its Acquisition by CNH Industrial

06.23.21

Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to Raven Industries, Inc. (NASDAQ: RAVN) in connection with its acquisition by CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) in an all-cash transaction for $58 per share, representing a $2.1 billion enterprise value. Closing of the transaction is subject to customary conditions, including approval of Raven shareholders and regulatory approvals.

Raven Industries, headquartered in Sioux Falls, South Dakota, is a leader in precision agriculture, high-performance specialty films, and aerospace and defense solutions. CNH Industrial is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. 

The Simpson Thacher team includes Caroline Gottschalk and Jess Yoon (M&A).