Alston & Bird has assisted The Gores Group LLC, a Los Angeles-based private equity firm, with its purchase of TE Connectivity Ltd.’s touch screen supply business, Elo Touch Solutions. The $380 million all-cash deal is subject to regulatory approval, and is expected to close in the third quarter of 2012. Elo Touch Solutions generated $413 million in sales in the last fiscal year.
The Gores Group is represented by partners Mark Kelly and Lee Rimler, both of the firm’s Charlotte office.