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In addition to Mark Manner's busy corporate legal practice, he has established himself as a respected and avid astronomer. Read more>

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On December 1, 2016, Parker Hannifin Corporation and CLARCOR Inc. announced that the companies have entered into a definitive agreement under which Parker will acquire CLARCOR for approximately $4.3 billion in cash, including the assumption of net debt. The transaction has been unanimously approved by the board of directors of each company. Upon closing of the transaction, expected to be completed by or during the first quarter of Parker’s fiscal year 2018, CLARCOR will be combined with Parker’s Filtration Group to form a leading and diverse global filtration business. Bass, Berry & Sims has served CLARCOR as primary corporate and securities counsel for 10 years and served as lead counsel on this transaction. Read more here.

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Blueprint for an IPO

Companies go public to raise capital to fuel growth, pay down debt and provide liquidity to shareholders. Although all issuers and offerings are different, the basic process of going public remains relatively constant. Blueprint for an IPO identifies the key players, details the process and identifies the obligations companies will face after going public.

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NN, Inc. to Sell Precision Bearing Components Group for $375M

Client Type: Public Company

We represent NN, Inc. (NASDAQ: NNBR) in the sale of its Precision Bearing Components Group to Tsubaki Nakashima Co., Ltd. (TYO: 6464) for $375 million. The transaction is expected to close in the second half of 2017, and is subject to regulatory approval and customary closing conditions. NN plans to redeploy the net proceeds from the transaction into higher-growth, higher-margin end markets, while also accelerating its focus on deleveraging.

Bass, Berry & Sims PLC is primary corporate and securities counsel for NN, Inc. and serves as lead counsel on the transaction. SunTrust Robinson Humphrey is serving as financial advisor on the transaction.

NN, Inc. is a diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Johnson City, Tennessee, NN has 40 manufacturing plants in North America, Western Europe, Eastern Europe, South America and China.

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