Ropes & Gray served as U.S. legal advisor for affiliates of American Industrial Partners Fund VIII in entering into a definitive agreement to acquire publicly-listed global drilling services leader Boart Longyear Group Ltd. (ASX:BLY). The take-private transaction was announced on December 26.
Headquartered in Salt Lake City, Utah, Boart Longyear is a leading global provider of drilling services and equipment. The company’s focus on mining and exploration spans a range of commodities includes copper, gold, nickel, zinc, uranium, and other metals and minerals. The company is also involved in the oil sands exploration and environmental sectors.
The Ropes & Gray team was led by private equity transactions partners Todd B. Kornreich and Dan Evans and private capital transactions associates Curt Ostosh and Chevaun Samuels and included executive compensation and benefits partners Allie Alperovich and Richard Kidd, debt finance partners Stefanie Birkmann and Scott Rolnik, tax partner David Saltzman, litigation and enforcement partner Sean Seelinger and capital markets partner Michael Littenberg.
