A Ropes & Gray team advised American Industrial Partners, a New York-based private equity firm that focuses on buying, improving, and growing industrial businesses, to take SEACOR Holdings Inc. private. The all-cash transaction, announced in a press release, is valued at approximately $1 billion, including net debt.
Under the terms of the agreement, AIP will commence a tender offer to acquire all outstanding shares of SEACOR for $41.50 per share in cash.
The team advising AIP was led by private equity partner Daniel Evans and associate Todd Kornreich and included finance partner Stefanie Birkmann and associate Scott Rolnik.
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