We represented NN, Inc. (NASDAQ: NNBR) in the sale of its Precision Bearing Components Group to Tsubaki Nakashima Co., Ltd. (TYO:6464) for approximately $388 million. 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 served as lead counsel on the transaction. SunTrust Robinson Humphrey served as financial advisor on the transaction.
NN, Inc., a diversified industrial company 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 33 manufacturing plants in North America, Western Europe, Eastern Europe, South America and China.