A team of Pillsbury Energy lawyers advised leading global alternative asset manager Brookfield Business Partners L.P. on the regulatory and policy aspects of its successful acquisition of Westinghouse Electric Company. The purchase price for the global nuclear technology, services and fuel provider was $4.6 billion.
Brookfield is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Westinghouse is the world's pioneering nuclear energy company and a leading supplier of nuclear plant products and technologies to utilities around the globe, reportedly providing some form of service to 80 percent of the world’s 450 commercial reactors.
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The core team providing strategic counsel to Brookfield on this deal consisted of Pillsbury energy partners Jeffrey Merrifield, Jay Silberg, Elina Teplinsky and Michael Lepre, special counsel Timothy Walsh and senior associate Anne Leidich. Public policy partner Elizabeth Moeller, senior counsel Gregory Laughlin and counsel Craig Saperstein, and Energy senior attorney Vince Zabielski also played critical roles in the transaction.
Pillsbury has one of the legal industry’s largest and most preeminent nuclear energy practices, having worked on large-scale nuclear energy projects and their financing in more than 20 countries. The firm provides advice on policy, regulation, transactions, litigation, intellectual property, real estate and land use. Our experience also extends to crisis response, going back to our representation of the Three Mile Island owner.