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published
SEPTEMBER
19,
2011 |
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Shearman
&
Sterling
Advises
Charter
International
plc
on
its
£1,528
million
Acquisition
Offer
by
Colfax
Corporation |
|
Shearman & Sterling is advising long-time
client Charter International plc on the US aspects of its
proposed acquisition by Colfax Corporation. The acquisition
values Charter’s fully diluted share capital at
approximately £1,528 million. It is intended that the
acquisition will be implemented by way of a court-sanctioned
scheme of arrangement under Jersey law or a takeover offer
to Charter shareholders at the election of Colfax. The
acquisition will be funded from a combination of proceeds of
an equity issue by Colfax, new debt facilities and Colfax’s
existing cash resources.
The completion of the acquisition is conditional upon
certain regulatory and shareholder approvals.
The Shearman & Sterling team included partners Creighton
Condon (London-Mergers & Acquisitions), George Karafotias
(London-Mergers & Acquisitions), Stephen Fishbein (New York
- Litigation), Alan Goudiss (New York-Litigation), and Beau
Buffier (New York-Antitrust), counsel Gabrielle Wong
(London-European Finance), and associates Babett Carrier
(London-Mergers & Acquisitions), Kelly Karapetyan (New
York-Antitrust) and Adam Samarillo (London-Mergers &
Acquisitions).
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