TechnipFMC plc (NYSE: FTI) (the Company or TechnipFMC) announced an agreement to sell the Company’s Measurement Solutions business to One Equity Partners for US$205 million in cash, subject to customary adjustments at the closing of the transaction. The transaction is expected to close during the first half of 2024.
Latham & Watkins LLP is representing TechnipFMC in the transaction with a corporate deal team led by Chicago partner Christopher Drewry and Houston counsel Thomas Verity, with associates Denny Lee, Kara Chung, Morgen Seim, and Byron Patton. Advice was also provided on transition services and intellectual property matters by New York partner Jeff Tochner, with associate Sebastian Moss; on UK corporate matters by London partners Edward Barnett and Anna Ngo, with associate Harry Redford; on tax matters by Washington, D.C. partner Nicholas DeNovio, with associates Pierce Pandolph and Nolon Blaylock; on finance matters by Houston partner Matthew Jones, with associates Chris Wood, Michael Basist, and Chris Fanick; on EU finance matters by Paris partner Roberto Reyes Gaskin, with associate Laurie Tomassian; on antitrust matters by Washington, D.C. partner Jason Cruise, Brussels counsel Tomas Nilsson, and Hamburg counsel Jana Dammann de Chapto, with associates Nicolas Jung and Andrew Paik; on anti-corruption matters by Washington, D.C. partner Erin Brown Jones; on trade controls matters by Washington, D.C. counsel Andrew Galdes, with associate C.J. Rydberg; on employment and benefits matters by Chicago partner Ben Rosemergy, New York counsel Rifka Singer, and Chicago counsel Leah Segall, with associate Kevin Matheny; on environmental matters by Los Angeles/Houston partner Josh Marnitz; on insurance matters by Los Angeles partner Drew Levin, with associate Hannah Cary; on data privacy matters by Houston/Austin counsel Robert Brown, with associate Alex Theuer; on arbitration matters by New York partner John Pierce and New York counsel Santiago Bejarano; and on securities matters by Washington, D.C. partner Julia Thompson, with associate Wei Cai.