Latham Advises on Financing to Support J.F. Lehman & Company’s Completed Acquisition of Heritage-Crystal Clean, Inc.

Heritage-Crystal Clean, Inc., a leading provider of parts cleaning, used oil re-refining, hazardous and non-hazardous waste disposal, emergency and spill response, and industrial and field services to vehicle maintenance businesses, manufacturers, and other industrial businesses, as well as utilities and governmental entities, has announced that an investment affiliate of J.F. Lehman & Company, a leading private equity investment firm focused on the aerospace, defense, maritime and environmental sectors, completed its acquisition of Crystal Clean for US$45.50 per share in an all-cash transaction that valued Crystal Clean at approximately US$1.2 billion. With the completion of the transaction, Crystal Clean’s common stock has ceased trading and is no longer listed on the NASDAQ Global Select Market.

Latham & Watkins LLP represented Jefferies and the other lead arrangers in a financing to support the transaction with a banking team led by partner Jesse Sheff and counsel Clever Gallegos, with associates Ed Prevost and Sean Travers. Advice was provided on corporate matters by partner Leah Sauter; on intellectual property matters by partner Jeffrey Tochner; on tax matters by partner Jiyeon Lee-Lim, with associate Sam Yang; and on uniform commercial code matters by partner Brian Rock and counsel Emily Leong Yu.