Blount International, Inc.’s Acquisition by American Securities and P2 Capital Partners
December 10, 2015
On December 10, 2015, Blount International, Inc. announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities LLC and P2 Capital Partners, LLC in an all‑cash transaction valued at approximately $855 million, including the assumption of debt. Cravath is representing Blount in connection with this proposed transaction.
Under the terms of the proposed transaction, Blount shareholders will receive $10.00 in cash for each share of Blount common stock they hold, which represents a premium of 86% to Blount’s closing stock price on December 9, 2015.
The Cravath team is being led by partners George E. Zobitz and Andrew R. Thompson and includes associates Brendan R. Mahan, Paul L. Sandler, Lee M. Blum and Erim E. Tuc on M&A matters; partner Eric W. Hilfers, practice area attorney David B. Teigman and associate Michelle M. Garrett on executive compensation and benefits matters; partner Christopher K. Fargo and associate Sara L. Lykken on tax matters; partner Matthew Morreale on environmental matters; and partner David J. Kappos and associate Christopher P. Davis on intellectual property matters. Peretz Riesenberg and Jason M. Sandler also worked on executive compensation and benefits and intellectual property matters, respectively.
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People
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J.D., 1995, New York University School of Lawwith Honors, cum laude
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B.A., 1991, Franklin & Marshall College
- New York
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J.D., 1998, University of Chicago Law Schoolwith Honors
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A.B., 1995, Princeton University
- New York
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J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
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B.A., 2003, Boston CollegeHonors Program, cum laude
- New York
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
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J.D., 1990, University of California, Berkeley, School of Law
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B.S., 1983, University of California, Davissumma cum laude
- New York
- California
- District of Columbia
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