Steptoe's domestic and international presence, coupled with the practical experience and business acumen of our corporate lawyers, enables us to provide our public and private company clients with advanced solutions to even the most complicated transactions, wherever they occur.
Clients look to us for guidance through all stages of their transactions, from deal formation, negotiation, to closing and post-transaction restructuring and integration. Due to the depth of our team and variety of our capabilities, particularly in government-facing industries, we are able to identify problem areas for clients, whether they be tax, policy, environmental, competition, trade or foreign investment, before they become larger issues.
We represent buyers, sellers, special committees, and investment bankers in structuring and negotiating mergers, acquisitions, joint ventures, and other investments and dispositions worldwide. Our comprehensive understanding of and experience in a wide range of industries, including regulated ones, enables us to develop comprehensive strategies to successfully complete each transaction for our clients. We prioritize understanding and staying current on emerging trends in our client's industries, including manufacturing, financial institutions, energy (including renewable energy), technology, and consumer brands. Members of our practice are located across our offices around the globe and work in concert with each other to provide the resources and support our clients need in an effective and timely manner.
Representative Matters
- Represent investment research company in connection with its SEC reporting and other regulatory obligations.
- Provide corporate advice, including preparing corporate documents and advising on structuring, to a hybrid private equity/hedge fund that operates primarily seeding new businesses and purchasing distressed businesses.
- Provide an AI research organization with compliance advisory services, including guidance on implementation of board policy, drafting of investigations playbook and Code of Conduct, along with tracking charter commitments and identifying compliance training vendors.
- Assisted a high net worth client with various investments relating to asset purchases, stock purchases, and other ancillary corporate documents, as well as advising on the equity funding of their newly formed company.
- Provided an advisory firm with corporate advice regarding numerous acquisitions, mergers, and internal restructuring.
- Represented a Turkish manufacturer in a $500 million joint venture for a mine to be developed in the western United States.
- Represented LUMA Energy, a consortium formed by Quanta Services and Canadian Utilities, as successful bidder to operate and maintain the electric transmission and distribution system of the Puerto Rico Electric Power Authority, and in ongoing contractual and operational matters.
- Advising a major US luxury group on a cross-border restructuring, including the elimination of a foreign holding company.
- Represented glass and chemicals producer in a 'take-private' transaction and related financing through which producer acquired all of its publicly-held securities in the US, became a private company and ceased trading on NYSE.
- Represented a party in joint venture for the acquisition and operation of a port in California.
- Acted as counsel to SPAC in de-SPAC transaction pursuant to which SPAC merged with and into a leading private aviation company in the US.
- Represented Parsons Corporation in its acquisition of T.J. Cross Engineers, Inc., a privately held oil and gas industry professional services firm specializing in engineering, design, and consulting services.
- Represented Intific Corporation, a technology company focused on software and game-based solutions in modeling and simulation, training and education, cyber warfare, and neuroscience, in its acquisition by Cubic Corporation.
- Represented Parsons Corporation in its acquisition of Secure Mission Solutions, a provider of critical asset protection and cybersecurity services to the national security and defense community, from private equity firm Riordan, Lewis & Haden Equity Partners.
- Represented Inmarsat Solutions Global Limited and a number of its US and non-US subsidiaries in the sale of the assets of Inmarsat's energy broadband business to a subsidiary of RigNet, Inc.
- Represented Inmarsat in the acquisition of substantially all of the assets of Globe Wireless LLC, a provider of value-added maritime communications services to the shipping market.
- Represented the Special Committee of the Board of Directors of L-1 Identity Solutions (L-1) in connection with its merger with Safran SA (Safran) for $1.6 billion. The transaction also involved the concurrent execution of a purchase agreement with BAE Systems (BAE) pursuant to which BAE purchased the intelligence services business of L-1 for $303 million prior to the merger with Safran.
- Represented a private equity buyer and its partner in the purchase of the assets of the Hartmarx Corporation (Hartmarx) for $128 million. The transaction was unique in that the sale was originally structured to take place through an auction process, but the client was selected as the stalking horse bidder, and we negotiated some of the standard protections accorded to stalking horse bidders. Additionally, Hartmarx had an existing syndicated credit facility that had to be replaced or refinanced. We ultimately rolled over the existing facility, as well as handled the negotiation of the equity arrangements.
- Represented Parsons Corporation, a technology-driven engineering services firm, in connection with its acquisition of SPARTA, Inc. (SPARTA) and its subsidiaries from Cobham Defense Systems, Inc., a wholly owned subsidiary of Cobham plc. SPARTA is a provider of advanced systems engineering cyber security and mission support services to US government agencies.
- Acted for Stratos Global Corporation on the UK aspects of their acquisition by CIP Canada Investment, Inc. The total transaction value, including the assumption of debt, was $636 million.
- Represented Enbridge, Inc., a North American leader in delivering energy and one of the Global 100 Most Sustainable Corporations, in its successful bid to purchase a proposed 250MW wind power farm in southeastern Colorado from the international RES Group's US operations for approximately $500 million.
- Counseled a healthcare client in structuring, negotiating, and documenting the sale of its healthcare division in return for all of the outstanding stock of a company engaged in the health information services business.
- Represented a European technology company in structuring, negotiating, and documenting an acquisition of a technology provider.
- Represented a US agricultural commodities company in its acquisition of the assets of a UK firm in a complementary industry, including real estate and major equipment facilities in the United Kingdom.
- Advised on the international aspects of the acquisition of a well-known magazine publishing business.
News & Publications
Press Releases
Steptoe Represents Sisecam in Acquisition of All Remaining Shares from the Ciner Group
January 3, 2025
Media Mentions
September 5, 2024
Media Mentions
May 6, 2024
Media Mentions
Payments Dive Quotes Stephen Aschettino in Article About 2024 Payments Regulation and Legislation
January 31, 2024
Press Releases
January 18, 2024
Press Releases
Steptoe Advises PROOF Acquisition Corp I in Closing of Business Combination with Volato
December 1, 2023
International Compliance Blog
DOJ Announces "Safe Harbor" Policy for Mergers & Acquisitions
October 24, 2023
By: Andrew C. Adams, Iris E. Bennett, Lee Berger, Brian J. Fleming, Patrick F. Linehan, David M. Stetson, Brittney Denley, Quentin Johnson