Veritas Capital’s acquisition of Capital Services Business from CB&I for $755 Million


K&L Gates, Skadden, Rebaza, Alcázar y De Las Casas Abogados, Squire Patton Boggs, McMillan, Machado, Meyer, Sendacz e Opice and Weerawong, Chinnavat & Peangpanor have advised on the deal

Veritas Capital has signed a definitive agreement to acquire the Capital Services business of CB&I (NYSE:CBI) for $755 million.

With approximately 15,000 employees deployed across hundreds of offices and customer sites globally, the Capital Services business provides comprehensive and integrated maintenance services, environmental engineering and remediation, infrastructure EPC services, program management, and disaster response and recovery for private sector and government customers. The business serves a diverse mix of commercial customers in the power, oil & gas, chemical, manufacturing and retail sectors. Government customers include U.S. federal departments and agencies such as the DoD, DoE, FEMA and EPA, as well as state and local governments. The business generated more than $2 billion of revenue in 2016.

K&L Gates LLP has advised Chicago Bridge & Iron Company N.V. with John D. Vaughan (Picture), Damien Grierson, Arielle Wisotsky and Kimber Hargrove.

Skadden, Arps, Slate, Meagher & Flom has advised Veritas Capital Fund Management LLC with Kenneth Wolff, Erica Schohn, David Kitchen, Michelle Gasaway, David Schwartz, Jessica Cohen, Dmitriy Chelnitsky, Darrin Halcomb, Paul Schockett, Reed Ryan, Megan Manfred and Sarah Wolpert.

Rebaza, Alcázar y De Las Casas Abogados has advised Veritas Capital Fund Management LLC with Felipe Boisset, María Fernanda Gadea, Omar Díaz, Carlos Espinoza, Daniela Urquiza and Sebastián de la Puente.

Squire Patton Boggs has advised Veritas Capital Fund Management LLC with Russell Randle, Robert Gregg, Robert B. Webb III, Karen Harbaugh, John Sharp and Danelle Gagliardi.

In Canada, McMillan LLP has advised Veritas Capital Fund Management LLC with David Dunlop, Brett Stewart, Julia Loney, Craig Harkness, Todd Miller, Peter Giddens, Daniel Edmondstone, Joshua Chad, Mitchell Allison, Paul Boshyk, Jonathan O’Hara and Annik Forristal.

Machado, Meyer, Sendacz e Opice Advogados: Socio Arthur Penteado. Abogados Manuela Lisboa Gentil Monteiro y Eduardo Boldrin Camara.

Weerawong, Chinnavat & Peangpanor Ltd. has advised Veritas Capital Fund Management LLC with Weerawong Chittmittrapap, Peangpanor Boonklum, Chanvit Prachayapipat and Sireedhorn Kittiphumwong.

Involved fees earner: David Dunlop – McMillan; Brett Stewart – McMillan; Julia Loney – McMillan; Craig Harkness – McMillan; Mitchell Allison – McMillan; Todd A. Miller – McMillan; Peter Giddens – McMillan; Daniel Edmondstone – McMillan; Joshua Chad – McMillan; Jonathan O’Hara – McMillan; Paul Boshyk – McMillan; Annik Forristal – McMillan; Felipe Boisset – Rebaza Alcazar & De Las Casas Abogados Financieros; María Fernanda Gadea – Rebaza Alcazar & De Las Casas Abogados Financieros; Sebastian De La Puente – Rebaza Alcazar & De Las Casas Abogados Financieros; Daniela Urquiza – Rebaza Alcazar & De Las Casas Abogados Financieros; Omar Díaz – Rebaza Alcazar & De Las Casas Abogados Financieros; Carlos Espinoza – Rebaza Alcazar & De Las Casas Abogados Financieros; Weerawong Chittmittrapap – Weerawong Chinnavat & Peangpanor; Peangpanor Boonklum – Weerawong Chinnavat & Peangpanor; Chanvit Prachayapipat – Weerawong Chinnavat & Peangpanor; Sireedhorn Kittiphumwong – Weerawong Chinnavat & Peangpanor; Arthur Penteado – Machado, Meyer, Sendacz e Opice; Manuela Lisboa Gentil Monteiro – Machado, Meyer, Sendacz e Opice; Eduardo Boldrin Camara – Machado, Meyer, Sendacz e Opice; Russell Randle – Squire Patton Boggs; Danelle Gagliardi – Squire Patton Boggs; Robert Gregg – Squire Patton Boggs; Robert Webb III – Squire Patton Boggs; Karen Harbaugh – Squire Patton Boggs; John Sharp – Squire Patton Boggs; John Vaughan – K&L Gates; Damien Grierson – K&L Gates; Kimber Hargrove – K&L Gates; Kenneth Wolff – Skadden Arps Slate Meager & Flom; Reed Ryan – Skadden Arps Slate Meager & Flom; Erica Schohn – Skadden Arps Slate Meager & Flom; David Schwartz – Skadden Arps Slate Meager & Flom; Dmitriy Chelnitsky – Skadden Arps Slate Meager & Flom; David Kitchen – Skadden Arps Slate Meager & Flom; Michelle Gasaway – Skadden Arps Slate Meager & Flom; Darrin Halcomb – Skadden Arps Slate Meager & Flom; Jessica Cohen – Skadden Arps Slate Meager & Flom; Megan Manfred – Skadden Arps Slate Meager & Flom; Paul Schockett – Skadden Arps Slate Meager & Flom;

Law Firms: McMillan; Rebaza Alcazar & De Las Casas Abogados Financieros; Weerawong Chinnavat & Peangpanor; Machado, Meyer, Sendacz e Opice; Squire Patton Boggs; K&L Gates; Skadden Arps Slate Meager & Flom;

Clients: Veritas Capital ; Chicago Bridge & Iron Company N.V.;

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Author: Ambrogio Visconti