Paul, Weiss, Rifkind, Wharton & Garrison LLP has advised Lone Star Funds, a Texas-based private equity firm, in its acquisition of Carrier Global Corporation’s fire safety business for $3 billion. This deal includes operations in both Brazil and Mexico.

The acquisition highlights Lone Star's strategic investment in the fire safety sector, expanding its portfolio in the home solutions market. Carrier Global, known for its expertise in heating, ventilation, and air conditioning, is divesting this segment to focus on its core business areas.

This transaction underscores the ongoing trend of private equity firms targeting essential service sectors, particularly in the wake of increased demand for safety and security solutions. The involvement of Paul, Weiss in this deal reflects their expertise in navigating complex mergers and acquisitions in the international market.

Overall, this acquisition is a significant move for Lone Star Funds, positioning them to leverage growth opportunities in the fire safety industry across North America and Latin America.