Sensata Technologies Holding plc (NYSE:ST) entered into a stock purchase agreement to acquire Dynapower Corporation from Pfingsten Executive Fund IV, L.P. funds managed by Pfingsten Partners, L.L.C. for approximately $580 million on April 22, 2022. Adam Knudsen, Dynapowers CEO and entire leadership of Dynapower will be joining Sensata. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to complete the transaction early in the third quarter of 2022. Randi C. Lesnick and Evan A. Kanter of Jones Day acted as legal advisor for Sensata Technologies. Brian F. Richards, Jim Smulkowski, Michael S. Wise, Eric R. Keller, Aaron Charfoos, Charles A. Patrizia, Todd M. Schneider, Jill Yung, Ziemowit T. Smulkowski of Paul Hastings LLP acted as legal advisors Dynapower Company, LLC and Cowen Inc. acted as financial advisor to Dynapower.

Sensata Technologies Holding plc (NYSE:ST) completed the acquisition of Dynapower Corporation from Pfingsten Executive Fund IV, L.P. funds managed by Pfingsten Partners, L.L.C. for approximately $620 million on July 12, 2022. As of July 18, 2022, the transaction follows receipt of regulatory approval from all authorities required by the stock purchase agreement. Sensata assumed $38.483 million of liabilities and $4.41 million of cash and cash equivalents of Dynapower.