CRA economists advised counsel to General Electric on the acquisition of Alstom’s power and grid business. The $13.5 billion deal was reviewed by the US Department of Justice and the European Commission who required Alstom to divest certain heavy duty gas turbine business assets in Europe and the US. CRA advised Arnold & Porter throughout the DOJ’s review and in Europe, advised counsel to GE, Skadden, Arps, Slate, Meagher & Flom. The US team was led by Andrew Dick and Jeffrey Prisbrey. The European team included Jeffrey Prisbrey, Professor Carl Shapiro and Kai Uwe-Kühn.
Large scale and complex energy deals: Five priorities to drive success post-close
Up to 90% of M&A deals are regarded as failures and 83% of M&A deals fail to boost shareholder returns. Post-transaction playbooks are a known tool, helpful in...