Golden Gate Capital to Sell DMC Power to Hubbell Incorporated

Paul, Weiss is advising Golden Gate Capital on the $825 million all-cash sale of its portfolio company DMC Power, LLC, to Hubbell Incorporated. DMC Power designs and manufactures connector technology systems for high voltage power infrastructure. The transaction is expected to close by the end of the year, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partner Jeremy Veit and includes tax partner Robert Holo; antitrust partners Scott Sher and Yuni Sobel; intellectual property partner Jonathan Ashtor; and executive compensation partner Lawrence Witdorchic.