Debevoise advises Clayton, Dubilier & Rice in $2.5bn joint acquisition of Brand Energy and Harsco Infrastructure
Debevoise has advised Clayton, Dubilier & Rice in connection with its agreement with Harsco Corporation to acquire Harsco’s Infrastructure division and then form a joint venture with Harsco to acquire Brand Energy & Infrastructure Services Inc from private equity company First Reserve in a separately negotiated transaction.
Upon the closing of the transaction, the enterprise value of the combined company — to be named Brand Energy & Infrastructure Services — is estimated to be approximately $2.5bn, which includes approximately $1.7bn in debt financing.
The Debevoise team was led by partners Kevin A Rinker and Andrew L Bab, and includes partners David A Brittenham, Jeffrey P Cunard, Andrew M Levine, Paul M Rodel and David H Schnabel, counsel Kyra K Bromlet and associates Grant Bokerman, Erin Cleary, Daniel N Fasanello, Uri Herzberg, Simone S Hicks, Andrew M Hirsch, Emily F Huang, David P Iozzi, Jessica Kasman, Meir D Katz, Amelia J Russell, Scott B Selinger, Molly F Stockley, Matthew J Termine and Elizabeth W Whiston.
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