Davis Polk & Wardwell, Weil and Demarest advised on the deal
GE finalized its $2.6 billion sale of GE Industrial Solutions, GE’s global electrification solutions business, to ABB.
ABB is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.
As part of the transaction and overall value creation, ABB and GE have agreed to establish a long-term, strategic supply relationship for GE Industrial Solutions products and ABB products that GE sources today. The transaction is expected to close in H1 2018, subject to customary closing conditions.
The Davis Polk corporate team includes partners Phillip R. Mills (Picture). and Michael Davis and associates Laura C. Turano and Paul Lee. Partner Avishai Shachar and associate Anne E. McGinnis are providing tax advice. Partner Frank J. Azzopardi and associate Bonnie Chen are providing intellectual property and technology advice. Partner Jeffrey P. Crandall and associate Travis Triano are providing executive compensation advice. Counsel Betty Moy Huber and associate Michael Comstock are providing environmental advice.
The Weil team advising GE is led by Mergers & Acquisitions partners William Gutowitz, Jackie Cohen and John Quattrocchi and includes Technology & IP Transactions partners Jeffrey Osterman and Charan Sandhu; Tax partners Chayim Neubort and Jonathan Macke; Environmental partner Annemargaret Connolly; Mergers & Acquisitions counsel Donald Whittaker; Environmental counsel Matthew Morton; Mergers & Acquisitions associates Amanda Fenster, Natalie Smeltzer Fortenberry, Dening Kong, Andrew Stotts, Nathaniel Lee, Constantinos Pappas (Not Yet Admitted in New York) and Sam Hulsey (Not Yet Admitted in New York); Technology & IP Transactions associates Caroline Geiger, Emilie Williams, Mary Lentowski, Lauren Springer, Alexa Rozell, Meggin Bednarczyk (Not Yet Admitted in New York) and Rami Sherman (Not Yet Admitted in New York); Tax associates Eric Remijan and Joseph Reich; and Real Estate associates Melissa Meyrowitz and Cody Lipton.
In Brazil, Demarest advised GE with a team including Gabriel Ricardo Kuznietz, Douglas Mota, Carlos Eduardo Orsolon, Renato Poltronieri, Roberto Casarini, Gabriel da Câmara Queiroz, Flavia Bahia Vidigal and Ademilson Viana.
Involved fees earner: Gabriel Ricardo Kuznietz – Demarest; Gabriel da Câmara de Queiroz – Demarest; Douglas Mota – Demarest; Carlos Eduardo Marino Orsolon – Demarest; Roberto Pinatti Casarini – Demarest; Renato Poltronieri – Demarest; Ademilson de Brito Alves Viana – Demarest; Flávia Bahia Vidigal – Demarest; Phillip R. Mills – Davis Polk & Wardwell; Michael Davis – Davis Polk & Wardwell; Laura Turano – Davis Polk & Wardwell; Paul Lee – Davis Polk & Wardwell; Avishai Shachar – Davis Polk & Wardwell; Anne McGinnis – Davis Polk & Wardwell; Frank Azzopardi – Davis Polk & Wardwell; Bonnie Chen – Davis Polk & Wardwell; Jeffrey Crandall – Davis Polk & Wardwell; Travis Triano – Davis Polk & Wardwell; Betty Moy Huber – Davis Polk & Wardwell; Michael Comstock – Davis Polk & Wardwell; William Gutowitz – Weil; Jackie Cohen – Weil; John Quattrocchi – Weil; Donald Whittaker – Weil; Amanda Fenster – Weil; Natalie Smeltzer Fortenberry – Weil; Dening Kong – Weil; Andrew Stotts – Weil; Nathaniel Lee – Weil; Jeffrey Osterman – Weil; Charan Sandhu – Weil; Caroline Geiger – Weil; Emilie Williams – Weil; Mary Lentowski – Weil; Lauren Springer – Weil; Alexa Rozell – Weil; Chayim Neubort – Weil; Jonathan Macke – Weil; Eric Remijan – Weil; Joseph Reich – Weil; Annemargaret Connolly – Weil; Matthew Morton – Weil; Melissa Meyrowitz – Weil; Cody Lipton – Weil;