Orrick Advises SPII Holdings on Going Private Merger with DryShips
Our global M&A and Private Equity team helps our clients answer these questions in the context of a wide range of strategic combinations and investments. Our clients include the most exciting high-growth companies and the largest global players, as well as funds and financial advisors. We bring particularly deep knowledge of the global Technology and Energy & Infrastructure sectors.
We’ve worked on the largest private company sales in the tech market. And we have a growing buy-side M&A practice. To support our clients’ global growth, we have an experienced team working from the United States, Europe and Asia, including a Houston-based Latin America team and an African affiliate in Côte d’Ivoire.
We know that true success is realized post-closing, as you go about your day-to-day operations. This is why we offer a holistic approach to our company practice based upon the ongoing needs of a functioning business. When our clients keep calling us for advice long after the transaction is completed, whether to coordinate on an integration matter or pursue the next opportunity, we know we are adding value.
Worldwide, the 2017 editions of Chambers recognize our M&A and private equity teams 17 times along with 36 individual rankings across Africa, China, France, Germany, Italy, Japan, Latin America, Russia, the UK and the United States. As one client told Chambers USA 2017, our M&A team has a “strong practice for startups,” yet “large enough to service a growing company's various needs."
Our team has been there before, and we bring that experience to play in helping you meet your goals. Over the past five years, we have executed more than 600 M&A transactions in markets worldwide, with a combined value of more than $100 billion.
We act for some of the largest tech companies in M&A and corporate venture investments. In the IoT market, we’re guiding Cruise Automation, as a leader in the “Driverless Revolution,” in its sale to General Motors, and we advised Nest in its sale to Google. In the social networking space, we advised Instagram on its sale to Facebook and Yammer on its sale to Microsoft. In the digital marketing arena, we represented France’s Neolane on its sale to Adobe and helped Pinterest acquire Kosei. On the buy side, we act for some of the largest public companies on their investments and acquisitions in the tech sphere, such as Microsoft in its acquisition of Havok and French aerospace multinational Thales in its purchase of cybersecurity firm Vormetric, and we tackle transactions that have long-ranging influence, such as the purchase of Siri. We scale from complex going-private tender offers that leverage our team’s SEC staff experience to tuck-in deals where intellectual property issues are central. In one of the first major corporate transactions in China’s online industry, our team represented retail giant JD.com in its $1.55 billion investment in Bitauto with Tencent. We have long assisted multinational telecoms provider Telenor in its worldwide investment activity, including with its announced acquisition TapAd – one of the largest deals in the New York tech market this year. We advised France’s Canal+ Group on the sale of the Polish television network TVN to a U.S. media group, and on its strategic investment in iROKO, Africa’s largest Internet TV operator and the world’s largest online platform for African content, dubbed the “Netflix of Africa.”
Energy & Infrastructure
We are advising companies in the largest energy and infrastructure deals across the globe. We assisted IFM Investors with its $5.72 billion acquisition of ITR Concession Company, operator of the 157-mile Indiana Toll Road – one of the largest U.S. infrastructure deals of 2015. We represented the board of Alstom SA, the French engineering giant, in the $13.5 billion sale of its energy division to GE – the biggest deal in GE’s history and winner of M&A deal of the year in IFLR’s European Awards. Negotiations with the French government raised the level of complexity in this deal, and our skill was commended by Financial Times in its Innovative Lawyers Report Europe. In Europe, we helped NextEnergy Solar with its acquisition of solar projects in the U.K., and EOS Holding, a Swiss player in the renewables sector, with its acquisition of wind farms and solar power plants in France and Portugal. Our Italian teams advised on the sale of the largest wind project currently ready for construction in Italy. We assisted SNAM, leader in Europe’s gas market, in the acquisition of an interest in the Trans Adriatic Pipeline AG, which will allow gas produced from Azerbaijan to flow to the European markets. We have also advised on some of the most interesting M&A and private equity transactions involving energy assets across Africa.
As a fully integrated global team, we provide our clients with seamless service in the most complex multi-jurisdictional deals. We’ve advised on some of the largest cross-border deals in France of recent years. In addition to GE Alstom, we assisted France’s Peugeot SA on a $4.1 billion capital investment by and collaboration with China’s Dongfeng Motor Group. We’ve helped other Chinese clients expand globally. Our German team recently advised global triathlon leader IRONMAN in its acquisition of Lagardère Sports’ endurance division, involving assets in eight countries across three continents. Our Latin American team, based in Houston, brings deep local knowledge of investments in energy and other sectors across the region. We’ve also been involved in the most significant Japanese outbound cross-border transactions, including assisting Toyota Industries Corporation and its subsidiary in their $2.3 billion acquisition of assets relating to Toyota Motor Credit Corporation's commercial finance business, and advising U.S.-based Johnson Controls in its global HVAC joint venture with Hitachi.
We have a global private equity practice, which is consistently recognized by the Legal 500 for leading practices in the United States and Hong Kong, and rated by Chambers 2017 in China, France, Italy, the UK and the United States. We act for several leading private equity and venture funds such as Energy Investors Fund and BlackRock. We help Warburg Pincus, Goldman Sachs, Sequoia Capital and Domain Elite in executing their China strategies. In Africa, members of our team represent the leading private equity investors, including Actis, Helios Investment Partners, LeapFrog Investments and Adlevo Capital. We regularly work with the private equity arms of banks like Morgan Stanley, Wells Fargo, Barclays and Citigroup.
Understanding all aspects of a business is key to providing the best legal advice to the world’s most innovative companies. In staffing our teams, we draw on Orrick’s practitioners in each of the areas your business requires: securities regulation, compensation & benefits, IP, cybersecurity and data protection, FCPA, employment, antitrust and competition, tax, international trade and energy regulation. To help you manage these functions on a day-to-day basis, we also offer efficient and cost-effective services like our Global Employment & Equity Compensation Service, as well as a corporate secretary service through our subsidiary Verbatim. And Orrick Analytics, our in-house document review service, supports all types of due diligence.
"They're very business-minded and happy to take on responsibilities that I would not usually expect from a legal adviser."
– Chambers Global 2017
“Excellent group of highly competent corporate attorneys with especially pronounced expertise in handling issues for emerging companies in the technology space.”
– Chambers USA 2017