News & Events

The Firm is representing Riverstone Holdings LLC (Riverstone) in connection with the financing relating to the definitive agreement pursuant to which an affiliate of Riverstone has agreed to acquire Proserv Group Inc. (Proserv) from investment funds affiliated with Intervale Capital (Intervale), Weatherford International (Weatherford) and certain minority shareholders.  Financial terms of the transaction were not disclosed. The transaction is subject to certain regulatory approvals and is expected to close by December.

Proserv is a high-quality global engineered products and services business, with offshore and subsea solutions covering drilling control systems, subsea production systems, production equipment and systems and marine technology services across the full life-of-field, with particular emphasis on brownfield upgrade and life extension.

The Simpson Thacher team includes Christopher Brown and Mike Vernace.