White & Case Advises Zimmer Holdings in $13.35 Billion Acquisition of Biomet
Global law firm White & Case LLP has advised Zimmer Holdings, Inc. (NYSE and SIX: ZMH), a world leader in musculoskeletal health solutions, in its $13.35 billion deal to acquire Biomet, Inc., one of the world's leading medical device manufacturers. The transaction is expected to close in the first quarter of 2015.
The White & Case team was led by Morton A. Pierce and fellow M&A partners Chang-Do Gong and Robert Chung, all based in New York.
This deal comes on the heels of several recent high-profile deals for the Firm. The Firm represented MMG Limited and the MMG-led consortium, including Guoxin International Investment Corporation Limited and CITIC Metal Co., Ltd., on the $5.85 billion acquisition of the Las Bambas copper project in Peru from Glencore Xstrata plc. Commenting on the impact of the Las Bambas deal, John Tivey, White & Case's Global Head of Mining and Metals said, "The MMG lead Consortiums' acquisition evidences China's continuing commitment under the new leadership to investment in offshore resources projects to secure long term access to commodities essential to its economic growth."
The Firm also represented Calpine Corporation in its $1.57 billion sale of six power plants to NatGen Southeast Power LLC, a wholly-owned subsidiary of LS Power Equity Partners III.
"As a market-leading Global M&A Practice, we have the right teams in place to execute these big, public M&A deals across a variety of sectors including healthcare and energy," said John Reiss, Global Head of White & Case's Mergers & Acquisitions Practice.
In the first quarter of 2014, White & Case ranked third among top legal advisers by deal value for announced worldwide mergers and acquisitions, according to Thomson Reuters. The Firm also was ranked third among top legal advisers by deal value for announced US mergers and acquisitions. White & Case advised on 51 deals in excess of $114 billion.
The White & Case team advising Zimmer includes partners Morton A. Pierce (New York), Chang-Do Gong (New York), Robert Chung (New York), Bryan Luchs (New York), Michelle B. Rutta (New York), Mark Powell (Brussels), George Paul (Washington, DC), Rebecca Farrington (Washington, DC), Axel Schulz (Brussels), Eric Berg (New York), Gregory M. Owens (New York), William J. Dantzler (New York), Jane Plomley (Washington, DC) and Gregory Little (New York).
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