Alston & Bird acted as counsel to Credit Suisse, the financial advisor to CH2M Hill Companies Ltd. in connection with CH2M’s pending acquisition by Jacobs Engineering Group Inc. in a cash and stock transaction with an enterprise value of approximately $3.27 billion, including approximately $416 million of CH2M net debt.
This is the second transaction in recent weeks in which Alston & Bird has acted as counsel to Credit Suisse in its role as financial advisor. The firm also represented Credit Suisse as financial advisor to McCormick & Co. in connection with McCormick’s July 18 announced agreement to acquire Reckitt Benckiser’s foods business in a deal valued at $4.2 billion.
Alston & Bird is consistently ranked among the top-10 law firms representing financial advisors in M&A deals by Corporate Control Alert, the legal and financial dealmaking journal. In 2016, the firm ranked sixth among counsel to investment banks on M&A deals with a value of $100 million or more, having advised on 16 transactions with an aggregate value of more than $100 billion.
Advising Credit Suisse is Alston & Bird partner Stuart Rogers, who recently joined the firm’s Financial Advisors Practice after 17 years at Credit Suisse, where he provided legal advice on M&A, securities offerings, and related matters.