Lindsay Goldberg’s Sale of BAF to Madison Industries’ Indoor Air Quality Vertical

On July 19, 2021, Lindsay Goldberg, a private investment firm, announced that funds managed by the firm have entered into a definitive agreement to sell Big Ass Fans (“BAF”), a pioneer of the high volume, low speed and connected fan categories, to Madison Industries’ Indoor Air Quality vertical. Cravath is representing BAF in connection with the transaction.

The Cravath team is led by partner Richard Hall and includes associates Jin‑Kyu Baek, Somi A. Umolu, Monica He and Gene Choi on M&A matters; partner Tatiana Lapushchik and associate Jessica E. Sandor on financing matters; partner J. Leonard Teti II and associates Rebecca L. Fine and Luis Calderon‑Gomez on tax matters; partner Margaret T. Segall, senior attorney Jesse M. Weiss and practice area attorney Megan Y. Lew on antitrust matters; partner David J. Kappos and associate Carys J. Webb on intellectual property matters; partner Matthew J. Bobby, practice area attorney Aaron S. Cha and associates Anna Mikaelyan and Laura S. Lee on executive compensation and benefits matters; partner Matthew Morreale and senior attorney Annmarie M. Terraciano on environmental matters; and practice area attorney Brian M. Budnick on real estate matters.