[UPDATE: Honeywell completed the $1.325 billion sale of its personal protective equipment (PPE) business to Protective Industrial Products (PIP) on 25 November 2024. This news announcement was originally published on 25 November 2024, following the deal’s signing.]
International law firm Simmons & Simmons has advised Honeywell on the non-US aspects of its sale of its personal protective equipment business to Protective Industrial Products (PIP), a portfolio company of Odyssey Investment Partners.
The all-cash transaction of $1.325bn represents a strategic sale by Honeywell – enabling the global firm to simplify and optimise its businesses, focusing on the powerful megatrends of automation, the future of aviation and energy transition.
The Simmons team advising on the deal was led by corporate partner Raghav Ghai, supported by partner David Trapp (competition and FDI) and partner Christian Taylor (corporate, French aspects).
