Dilara Erik
Biography
Overview
Dilara Erik is an associate in the Mergers and Acquisitions Practice Group, and is resident in the New York office. Ms. Erik focuses on the representation of corporate clients and private equity funds in connection with domestic and global mergers, acquisitions and equity investments in a broad range of industries.
Prior to joining the New York office, Ms. Erik was an associate in the Firm’s Istanbul office.
Experience
Energy, Infrastructure & Utilities
NRG Energy, Inc. (NYSE: NRG), a leading North American energy and home services company, in its approximately US$12 billion acquisition of a portfolio of natural gas generation facilities in the Northeast and Texas, and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power.
NRG Energy, Inc. (NYSE:NRG) in its acquisition of six power generation facilities from Texas-based Rockland Capital, LLC, for US$560 million.
NRG Energy, Inc. (NYSE: NRG) in the sale and lease-back of the land underlying Astoria Generating Station, to Beacon Wind Land LLC, a joint venture formed by Equinor and BP.
Co-investors in a group led by Blackstone on a CDN$7 billion equity investment in Rogers Communications Inc., Canada's leading communications and entertainment company.
Macquarie Infrastructure Partners in its successful topping bid to take private Cincinnati Bell Inc. (NYSE: CBB), which owns and operates the leading data transmission and distribution network in Cincinnati, Ohio, and Hawaii, in a deal valued at US$2.9 billion.
Macquarie Infrastructure Corporation (NYSE: MIC) in the US$514 million sale of the MIC Hawaii businesses, a regulated gas utility and unregulated propane distributor, to an affiliate of Argo Infrastructure Partners LP.
AMP Capital Investors Limited, an Australian specialist global investment manager and subsidiary of Australia's largest retail and corporate pension provider, in connection with its partnership with Enel X, a provider of an array of energy-related services, including mass electric transportation, to invest in the business of the financial lease of mass electric transportation vehicles in the Americas. The deal was awarded "Social Infrastructure Deal of the Year" by PIFA.
Sempra Energy, a utility holding company with the largest U.S. customer base (NYSE:SRE), in connection with the sale of its equity interests in its Peruvian businesses, including its 83.6% stake in Luz del Sur, to China Yangtze Power International (Hongkong) Co., Limited for US$3.59 billion in cash.
Sempra Energy in connection with the sale of its equity interests in its Chilean businesses to State Grid International Development Ltd. for US$2.23 billion in cash.
Calpine Corporation in numerous transactions, including its acquisition of the Russell City Energy Center from GE and Inland Empire Energy Center.
Onward Energy, a portfolio company of J.P. Morgan Asset Management Infrastructure Investments Group, in its acquisition of two combined-cycle, gas-fired power generation facilities located in South Carolina and Maryland.
The Carlyle Group in the US$590 million acquisition of three natural gas-fired generation facilities in New England, with combined capacity of 1,100 MW, from Emera Inc.
Affiliates of Beal Bank USA in numerous transactions, including in the sale of the Temple 2 Generating Station to BKV-BPP Power, LLC, a joint venture between BKV Corporation and Banpu Power US Corporation.
European Bank for Reconstruction and Development in connection with the financing of the construction and operation of 85MW hydro power plant on Paravani River in Georgia, and the associated transmission lines to connect the plant to both the Turkish and Georgian electricity grids.
Strategic & Public M&A
Elevance Health, Inc. (NYSE: ELV) in numerous transactions, including its acquisition of a Puerto Rican insurance company, Kroger Specialty Pharmacy, and the US$2.7 billion acquisition of CareBridge.
EchoStar Corporation (NASDAQ: SATS), in numerous transactions, including a series of transformative financing deals and the sale of its video distribution business, including DISH TV and Sling TV.
Xerox Holdings Corporation (NASDAQ: XRX) on its entry into a share purchase agreement to repurchase all of the shares of Xerox Holdings' common stock beneficially owned by Carl C. Icahn and certain of his affiliates at a purchase price of US$15.84 per share, totaling an aggregate purchase price of approximately US$542 million.
Riverbed Technology, a leading IT solutions provider, on its sale to Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses.
NTT DATA, Inc., a leader in global technology services, in its acquisition of Net eSolutions Corp., a provider of digital design and transformation services for U.S. Department of Health and Human Services agencies.
Nestlé México, SA de CV in its acquisition of a majority stake in Terrafertil, a company selling natural, organic, plant-based foods and healthy snacks.
Midea Group, the world's largest producer of major appliances, on the establishment of a joint venture with Carrier for the distribution and sale of Midea's energy-efficient residential ductless HVAC systems in North America.
Delivery Hero on the US$950 million cash sale of its foodpanda business in Taiwan to Uber, and on a separate US$300 million cash capital increase, fully subscribed by Uber, through its wholly-owned subsidiary SMB Holding Corporation.
TIER Mobility SE, a German micro-mobility company, in various transactions, including its acquisition of Skinny Labs, Inc., d/b/a Spin, a subsidiary of Ford and a US provider of rented motorized scooters.
Famy Life Sciences in its sale to Viartis, together with its portfolio of development stage ophthalmology drugs.
Lantheus Holdings, Inc. (NASDAQ: LNTH) in the US$500 million acquisition of Progenics Pharmaceuticals, Inc. (NASDAQ: PGNX).
Special Committee of Cellular Biomedicine Group, Inc. (NASDAQ: CBMG) in its sale to a consortium including certain members of CBMG management, CBMG stockholders and financial sponsors.
Eaton Corporation, a global technology leader in diversified power management solutions, in its acquisition of Polimer Kauçuk Sanayi ve Pazarlama A.S., one of Turkey's leading manufacturers and exporters of industrial products.
Banco Bilbao Vizcaya Argentina in the EUR4.2 billion acquisition of 24.9% of Turkey's leading bank, Türkiye Garanti Bankası A.Ş., which at the time was the largest-ever Turkish private sector M&A transaction.
IHH Healthcare Berhad in its acquisition of a 75% stake in publicly traded Acıbadem Healthcare Group for US$2 billion and, in relation to matters with Turkish law, in its Rule 144A / Regulation S offering and dual listing in the main markets of Malaysia and Singapore exchanges.
Other Private Equity & Financial Sponsor Matters
Quad-C Management, Inc., a leading middle market private equity firm, and its portfolio companies in numerous transactions, including:
- the acquisitions of QED Technologies International, Dutch United Investments, Village Gourmet, AIT Worldwide Logistics, Unitrans International Logistics, Panther Logistics, and the freight forwarding business from Fiege;
- the merger-of-equals between its portfolio company Joerns and WoundCo Holdings, Inc. (a portfolio company of Aurora Capital); and
- the sale of AIT Worldwide Logistics.
Dominus Capital L.P. and its portfolio companies in numerous transactions, including the acquisition of (1) Safe Haven Defense, (2) Uptime Institute and (3) Seaga Manufacturing, and the sale of its portfolio company, L2 Brands.
Cobepa S.A., a Belguim-based privately held investment company, in numerous matters, including its acquisition of BioAgilytix Labs, LLC, a leading provider of large molecule bioanalytical testing services.
Cartesian Capital Group, LLC in its acquisition of an interest in TAB Gıda, the company holding the exclusive franchise rights to and operating restaurant food brands Burger King, Sbarro, Arby's and Popeyes in Turkey and China.
