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Finsbury represents McDermott International, while Joele Frank Wilkinson Brimmer Katcher work for the venerable 125-year-old Chicago Bridge & Iron in the $6B merger of leading energy infrastructure companies.
The deal melds CBI’s onshore capabilities with McDermott’s offshore strengths, especially in the Middle East energy sector led by work for Saudi Armaco, to create a company with $10B in annual revenues and a $14.5B
McDermott shareholders will control 53 percent of the new entity and CB&I investors will own 47 percent.
David Dickinson, McDermott CEO, said the deal responds to the need from global customers for “end-to-end solutions” from a “vertically integrated company.”
He will helm the merged company with CB&I chief Patrick Mullen serving in a five-year transition period to ensure a “seamless integration.”
WPP’s Finsbury unit has Kal Goldberg, Winnie Lerner and Chris Ryall handling media for McDermott
JFWBK’s CB&I team includes Dan Katcher, Ed Trissel and Leigh Parrish.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
Uber’s Mike Lucarelli is moving to NXP Semiconductors as senior VP-investor relations.
