TechnipFMC plc has announced that it has entered into an agreement to sell its Measurement Solutions business to One Equity Partners for $205 million in cash, subject to customary closing adjustments. The transaction is expected to close during the first half of 2024.
Latham & Watkins LLP is representing TechnipFMC in the transaction with a corporate affairs team led by Chicago partner Christopher Drewry and Houston counsel Thomas Verity, with associates Danny Lee, Kara Chung, Morgen Seim and Byron Patton. The law firm also provided advice on transition services and intellectual property matters.
In addition, New York-based partner Jeff Tochner advised on transition services and intellectual property matters, while London partners Edward Barnett and Anna Ngo provided advice on UK corporate matters with associate Harry Redford. Washington, D.C. partner Nicholas DeNovio advised on tax matters with associates Pierce Pandolfo and Nolon Blaylock. Houston partner Matthew Jones advised on financial matters with associates Chris Wood, Michael Bassiste and Chris Fannick. Paris partner Roberto Reis Gaskin advised on EU financial issues with associate Laurie Tomassian, while Washington, D.C. partner Jason Cruz provided advice on antitrust matters with Brussels counsel Thomas Nilsson and Hamburg attorney Jane Daman de Chapto, with associates Nicholas Jung and Andrew Pike.
Washington, D.C. partner Erin Brown Jones advised on anti-corruption issues, while Washington, D.C. counsel Andrew Galdes advised on trade control issues with associate CJ Rydberg. Chicago partner Ben Rosemerji advised on employment and benefits matters with New York counsel Rifka Singer and Chicago counsel Lea Segal, while associates Kevin Matheny assisted in this area of expertise as well as environmental issues from Los Angeles/Houston partner Josh Marnitz; insurance matters from Los Angeles partner Drew Levin with associate Hannah Carey; data privacy issues from Houston/Austin attorney Robert Brown with associate Alex Teuer; arbitration matters from New York partner John Pierce and New York attorney Santiago Bejarán; and securities matters from Washington partner Julia Thompson with associate Wei Cai.
Overall, Latham & Watkins LLP represented TechnipFMC throughout the transaction process providing a wide range of legal services to ensure a successful outcome for the company’s stakeholders involved in this deal.
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