New Mountain Capital’s $963 Million Acquisition of Aegion Corporation

Shearman & Sterling and Ropes & Gray advised on the deal.

Aegion Corporation (NASDAQ:AEGN), a leading provider of infrastructure maintenance, rehabilitation and protection solutions, entered into a definitive merger agreement with affiliates of New Mountain Capital, L.L.C., a leading growth-oriented investment firm headquartered in New York, in a transaction valued at approximately $963 million that will result in Aegion becoming a private company.

Under the terms of the agreement, the buyer will acquire all outstanding shares of Aegion common stock for $26 per share in cash. The transaction is expected to close in the second quarter of 2021 and is subject to Aegion stockholder approval, regulatory approvals and other customary closing conditions.

The Ropes & Gray team that represented New Mountain Capital was led by private equity partner Carl Marcellino (New York; Picture) and finance partners Stefanie Birkmann (New York) and Arek Maczka (New York), and included employment, executive compensation & benefits partner Danna Kivell (New York), private equity associate Todd Kornreich (New York), litigation & enforcement partners Ama Adams (Washington D.C.) and David Hennes (New York), private equity and M&A partner John Sorkin (New York), real estate partner Peter Alpert(Boston), tax partner Amanda Holt (Boston), and IP transactions partner Violetta Kokolus(New York).

Involved fees earner: Ama Adams – Ropes & Gray; Peter Alpert – Ropes & Gray; Stefanie Birkmann – Ropes & Gray; David Hennes – Ropes & Gray; Amanda Holt – Ropes & Gray; Danna Kivell – Ropes & Gray; Violetta Kokolus – Ropes & Gray; Todd Kornreich – Ropes & Gray; Arek Maczka – Ropes & Gray; Carl Marcellino – Ropes & Gray; John Sorkin – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: New Mountain Capital;

Author: Martina Bellini