SAAM’s Proposed Buyout Of Boskalis Holding B.V.

Simpson Thacher represented Sudamericana, Agencias Aéreas y Marítimas S.A. (“SAAM”) in connection with its proposed buyout of its existing joint venture partner, Boskalis Holding B.V. (“Boskalis”) from three separate joint ventures.

Sudamericana, Agencias Aereas y Maritimas S.A. provides logistics, port operations, and tugboat services.

Boskalis is a subsidiary of Royal Boskalis Westminster N.V., a Dutch company listed on the NYSE Liffe Amsterdam.

SAAM and Boskalis signed a Share Purchase Agreement which contemplates, among other conditions, obtaining regulatory approvals. The arrangement, if consummated, would involve SAAM acquiring from Boskalis the remaining 49% of the joint venture entity covering Mexico, Canada and Panama, the remaining 50% of the joint venture entity covering Brazil, and the remaining 50% of the joint venture entity covering El Salvador.

The Simpson Thacher team included Juan Francisco Méndez (Picture), Borja Marcos and Karen McClendon (M&A); and Rob Holo and Dmitry Zelik (Tax).

Involved fees earner: Robert Holo – Simpson Thacher & Bartlett; Borja Marcos – Simpson Thacher & Bartlett; Karen McClendon – Simpson Thacher & Bartlett; Juan Francisco Mendez – Simpson Thacher & Bartlett; Dmitry Zelik – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: SAAM S.A.;

Author: Ambrogio Visconti