Debevoise & Plimpton LLP is advising Clayton, Dubilier and Rice in the purchase of Illinois Tool Works’ non-controlling equity stake in Wilsonart International Holdings LLC. Wilsonart undertook a refinancing of $1.8 billion, consisting of a $1.1 billion Senior Secured Term Loan Facility, $500 million senior notes offering and a $250 million Senior Secured Revolving Facility.

Wilsonart, an engineered surfaces company, manufactures and distributes high pressure laminates and other surfacing materials and components used in furniture, office and retail space, countertops, worktops and other applications.

The Debevoise team is led by M&A partner Uri Herzberg, capital markets partner Steven Slutzky and leveraged finance partner Scott Selinger and includes M&A counsel John Love and associates Robert Geren and Stephen Mattes, capital markets counsel Joshua Samit and associates Julia Glazer, Andrew Lee, Victoria Li, Paul Lowry and Maayan Stein, finance counsel Zahra Sowder and associates Elizabeth Aiken and Max Lovrin, employee benefits and executive compensation associate Simmie Jenkelowitz, tax partner Rafael Kariyev and associates Harshil Mehta and Robert Nelson-Sullivan and environmental counsel Stuart Hammer.