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Seaspan Corporations acquires business operating gas turbines

DLA Piper has assisted Seaspan Corporations in acquiring APR Energy Limited.

December 06, 2019 • By Naomi Neilson
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Firm: DLA Piper (Seaspan Corporations)

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Deal: DLA Piper has advised Seaspan Corporations in its acquisition of APR Energy Limited in an all-stock transaction.

 
 

Value: US$750 million (approximately $1.099 billion), including assumption of debt.

Area: M&A.

Key players: The team was led by deal partners Christopher Paci, Michael Helmer and Daniel Belostock. They were supported by partners John Gallon, David Ryan, Andrew Burton, Paolo Morante, Stephan Harris, Ignacio Sanchez, Nate McKitterick, Guillermo Cabanellas and Antonio Arias.

Deal significance: Seaspan Corporations, an independent charter owner and operator of containerships, has successfully acquired APR Energy Limited, a global leasing business that owns and operates a fleet of gas turbines.

Mr Paci said: “We are very pleased to have assisted Seaspan [in] this transformative transaction, which demonstrates DLA Piper’s remarkable global platform and ability to handle complex cross-border matters.”

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Naomi Neilson
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly, as well as other titles under the Momentum Media umbrella. She regularly writes about matters before the Federal Court of Australia, the Supreme Courts, the Civil and Administrative Tribunals, and the Fair Work Commission. Naomi has also published investigative pieces about the legal profession, including sexual harassment and bullying, wage disputes, and staff exoduses. You can email Naomi at: naomi.neilson@momentummedia.com.au.
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