An agreement to buy Steinway Musical Instruments has been entered into by an affiliate of the global private equity investment company Kohlberg & Company on Monday. The agreement stated that Steinway Musical Instruments would be acquired by the affiliate of Kohlberg & Company at approximately $438 million. Steinway Musical Instruments, a Waltham, Massachusetts-based firm, produced and distributed high quality musical instruments.

The deal was led by William M. Shields under Ropes &Gray which served as legal counsel. Other members of the team included Daniel Evan, Christian Westra, and Adam Leamon for the corporate team; Thomas B. Draper and Stephen Kruse for the finance team; Loretta Richard, Eric Elfman, Adam Stella, and Kase Jubboori for the tax and benefits team; David McIntosh and Emilia Cannella for the intellectual property team; and Marc Lazer and Eamon Lorincz for the real estate team. Peter Alpert is the lone member of the environment team.