Slaughters and Paul Hastings Go Nuclear In £250M Energy Deal
The transatlantic energy deal sees longstanding advisers win roles as Wood Group offloads its nuclear business.
August 20, 2019 at 03:52 AM
2 minute read
Paul Hastings and Slaughter and May have taken the lead roles on the £250 million ($304 million) sale of energy provider Wood Group's nuclear business operations in the U.K., Europe, and Asia.
Paul Hastings is advising U.S. construction company Jacobs Engineering Group on its acquisition with a team led by London M&A partner Roger Barron, who said the deal was "interesting from a Brexit point of view" because it is a "significant investment in the U.K. by a U.S. company".
Barron's team also includes the firm's managing partner Ronan O'Sullivan, who previously advised Jacobs Engineering on acquisitions in 2011 and 2013, and London managing partner Arun Birla.
M&A partner Matthew Poxon, employment partner Suzanne Horne and privacy and cybersecurity partner Sarah Pearce are also acting on the deal in London, with Paris antitrust partner Pierre Kirch and Washington D.C. partners Charles Patrizia and Scott Flicker also providing advice.
Jacobs said in a statement that, providing the deal is cleared by the U.K.'s Competition and Markets Authority, it expects to close the acquisition by its second fiscal quarter in 2020.
Slaughter and May is advising longstanding client Wood Group on the transaction. Corporate partner Simon Nicholls is heading up the firm's team.
In 2011, Nicholls led a Slaughters team advising Wood Group on U.K. aspects of the £2.8 billion ($3.4 billion) billion sale of its Well Support division to U.S. industrial giant General Electric, and again in 2017, when he advised the company on its £2.2 billion ($2.7 billion) acquisition of energy rival Amec Foster Wheeler.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllHSF, Addleshaw Goddard Strengthen German Offices & Other Strategic Hires
3 minute readTrending Stories
- 1Infant Formula Judge Sanctions Kirkland's Jim Hurst: 'Overtly Crossed the Lines'
- 2Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 3Mass. Judge Declares Mistrial in Talc Trial: 'Court Can't Accommodate This Case'
- 4It's Time Law Firms Were Upfront About Who Their Salaried Partners Are
- 5Greenberg Traurig Initiates String of Suits Following JPMorgan Chase's 'Infinite Money Glitch'
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250