binderholz Group’s Acquisition of Substantially all the Assets of Klausner Lumber One through a 363 Sale
September 25, 2020
On August 22, 2020, the Austria-based binderholz Group, a leading European company for solid wood products and innovative building solutions, announced it had entered into a definitive agreement to purchase substantially all the assets of the Florida‑based sawmill operator Klausner Lumber One, LLC after prevailing in an auction held on August 21, 2020 pursuant to Section 363 of the United States Bankruptcy Code. Klausner Lumber One, LLC is currently in Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. Cravath is representing binderholz Group in connection with the transaction, which closed on September 21, 2020.
The Cravath team includes partner Thomas E. Dunn and associates William F. Roegge and Elena R. Falloon on M&A matters; partner George E. Zobitz and associate Alexander Gerten on financial reorganization and restructuring matters; partner Christopher K. Fargo and senior attorney Andrew Carlon on tax matters; partner Eric W. Hilfers and associate Aaron J. Feuer on executive compensation and benefits matters; and senior attorney Annmarie M. Terraciano on environmental matters.
Related Practices & Industries
People
- Photo
-
-
J.D., 1992, Duke Law Schoolsumma cum laude
-
B.A., 1987, The College of William & Mary
- New York
Education
Admitted In
-
J.D., 1995, New York University School of Lawwith Honors, cum laude
-
B.A., 1991, Franklin & Marshall College
- New York
Education
Admitted In
- Photo
-
-
J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
-
B.A., 2003, Boston CollegeHonors Program, cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 1998, University of Chicago Law Schoolwith Honors
-
A.B., 1995, Princeton University
- New York
Education
Admitted In
- Photo
-
-
J.D., 2016, Columbia Law SchoolHarlan Fiske Stone Scholar
-
B.S., 2012, University of Wisconsin - MadisonGraduated with Distinction; Stone Scholarship in Economics
- New York
Education
Admitted In
- Photo
-
-
J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
-
M.S., 1994, University of Wisconsin - Madison
-
B.A., 1989, Wellesley Collegecum laude
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
September 25, 2020
Amentum’s Acquisition of DynCorp International
On September 24, 2020, Amentum Holdings LLC (“Amentum”), a leading contractor to U.S. federal and allied governments jointly owned by Lindsay Goldberg and American Securities, and DynCorp International (“DynCorp”), a worldwide leader in aviation and logistics support services, announced a definitive agreement under which an affiliate of Amentum will acquire DynCorp. The acquisition, once finalized, will create one of the largest providers of mission‑critical support services, with more than $6 billion of combined revenue over the last 12 months. Cravath is representing Amentum, Lindsay Goldberg and American Securities in connection with the transaction.
Deals & Cases
September 21, 2020
Illumina’s $8 Billion Acquisition of GRAIL
On September 21, 2020, Illumina, Inc. (“Illumina”) and GRAIL announced they have entered into a definitive agreement under which Illumina will acquire GRAIL for cash and stock consideration of $8 billion. In addition, GRAIL shareholders will receive future payments representing a tiered single digit percentage of certain GRAIL-related revenues. GRAIL, a healthcare company focused on multi-cancer early detection, was founded by Illumina, a global leader in DNA sequencing and array-based technologies, in 2016 and spun out as a standalone company. Cravath is representing Illumina in connection with the transaction.
Deals & Cases
September 14, 2020
Scientific Games’ Sale of a 34.9% Stake to Institutional Investors, including Caledonia
On September 14, 2020, Scientific Games Corporation (“Scientific Games”) announced that a number of long‑term institutional investors, including gaming industry investor Caledonia, have reached agreement to acquire a 34.9% stake in Scientific Games from MacAndrews & Forbes Incorporated at a price of $28.00 per share. In connection with the transaction, Scientific Games is implementing a series of governance changes and enhancements to reflect its new investor base and continue to position the Company for growth and value creation. Cravath is representing Scientific Games and its Special Committee of the Board of Directors in connection with the transaction.
Deals & Cases
August 19, 2020
Hudson's Proposed Sale of All Its Remaining Equity Interests to Dufry AG Group
On August 19, 2020, Hudson, a North American travel experience leader with stores in airports, commuter hubs, landmarks and tourist destinations, announced it has entered into a definitive agreement with Dufry AG Group (“Dufry”), its controlling shareholder with 57.4% ownership of the Company, pursuant to which Dufry would acquire all of the equity interests in Hudson that it does not already own for $7.70 in cash for each Hudson Class A share (the “Transaction”). Upon completion of the Transaction, Hudson will become an indirect wholly owned subsidiary of Dufry and will be delisted from the New York Stock Exchange. Cravath is representing the special committee of the Hudson board of directors in connection with the Transaction.
