M&A - nVent Electric plc

Form Type: 8-K

Filing Date: 2025-02-04

Corporate Action: Acquisition

Type: New

Accession Number: 000172063525000008

Filing Summary: On January 30, 2025, nVent Electric plc completed the sale of its Thermal Management business to BCP VI Summit Holdings LP, an affiliate of funds managed by Brookfield Asset Management. This transaction was conducted under a Share and Asset Purchase Agreement dated July 31, 2024. nVent received approximately $1.7 billion in cash from the buyer, with adjustments applied following standard post-closing practices. The Purchase Agreement includes certain representations and warranties from both parties, but these should not be construed as factual disclosures about nVent or the transaction. Investors are cautioned that such representations may be incomplete or change over time, not necessarily reflecting current conditions or details. Further details can be found in the Purchase Agreement filed as an exhibit to this report.

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