Simpson Thacher Represents JPMorgan as Financial Advisor to Raven Industries in Its Acquisition by CNH Industrial
06.23.21
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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).