Chatterjee Group and Rhône Group’s $2.725 Billion Acquisition of Lummus Technology

Paul, Weiss advised principal investment firm The Chatterjee Group and private equity firm Rhône Group in their joint bid to acquire McDermott International, Inc.’s Lummus Technology Group.

The base purchase price was $2.725 billion. Subject to bankruptcy court approval, the Chatterjee Group and Rhône Group will jointly serve as the stalking horse bidder for Lummus Technology in connection with McDermott International’s chapter 11 bankruptcy process.

Lummus Technology is a leading licensor of proprietary petrochemicals, refining, gasification and gas processing technologies, and a supplier of proprietary catalysts and related engineering.

The Paul, Weiss team included M&A partners Brian Lavin (Picture) and Robert Schumer and counsel Chaim Theil; restructuring partner Robert Britton; finance partner Thomas de la Bastide III and counsel Stephen Koo; intellectual property partner Charles Googe; tax partners David Sicular and Patrick Karsnitz; employee benefits partner Lawrence Witdorchic; real estate partner Mitchell Berg; securities partner David Huntington; litigation partner Daniel Toal and counsel Peter Jaffe; antitrust counsel Marta Kelly and Yuni Sobel; international trade counsel Richard Elliott; and environmental counsel William O’Brien.

Involved fees earner: Mitchell Berg – Paul Weiss Rifkind Wharton & Garrison; Robert Britton – Paul Weiss Rifkind Wharton & Garrison; Thomas de la Bastide – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; David Huntington – Paul Weiss Rifkind Wharton & Garrison; Peter Jaffe – Paul Weiss Rifkind Wharton & Garrison; Patrick Karsnitz – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Stephen Koo – Paul Weiss Rifkind Wharton & Garrison; Brian Lavin – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison; Robert Schumer – Paul Weiss Rifkind Wharton & Garrison; David Sicular – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Chaim Theil – Paul Weiss Rifkind Wharton & Garrison; Daniel Toal – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Chatterjee Group; Rhône;