The Chatterjee Group and Rhône Group to Acquire Lummus Technology from McDermott International

Source Press
Company Rhone Group LLCMcDermott International, Inc. 
Tags Corporate Deals, Deals, Oil Services
Date March 12, 2020

() Paul, Weiss advised principal investment firm The Chatterjee Group and private equity firm Rhône Group in their joint bid to acquire McDermott International, Inc.’s Lummus Technology Group for a base purchase price of $2.725 billion. Subject to bankruptcy court approval, the Chatterjee Group and Rhône Group will jointly serve as the stalking horse bidder for Lummus Technology in connection with McDermott International’s chapter 11 bankruptcy process. Lummus Technology is a leading licensor of proprietary petrochemicals, refining, gasification and gas processing technologies, and a supplier of proprietary catalysts and related engineering.

The Paul, Weiss team includes M&A partners Brian Lavin and Robert Schumer and counsel Chaim Theil; restructuring partner Robert Britton; finance partner Thomas de la Bastide III and counsel Stephen Koo; intellectual property partner Charles Googe; tax partners David Sicular and Patrick Karsnitz; employee benefits partner Lawrence Witdorchic; real estate partner Mitchell Berg; securities partner David Huntington; litigation partner Daniel Toal and counsel Peter Jaffe; antitrust counsel Marta Kelly and Yuni Sobel; international trade counsel Richard Elliott; and environmental counsel William O’Brien. 

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd