Links and Freshfields step up for Amec's $3.2bn acquisition of Foster Wheeler

Magic circle duo Linklaters and Freshfields Bruckhaus Deringer have claimed the top mandates on British engineering and project management company Amec’s $3.2bn (£1.9bn) purchase of Swiss rival Foster Wheeler.

Linklaters is representing FTSE 100-listed Amec, continuing a relationship which has spanned more than 25 years.

For 15 of those years, the relationship has been managed by Linklaters corporate finance partner Shane Griffin, who led the deal team on the Foster Wheeler acquisition alongside fellow corporate partner and Aedamar Comiskey.

Also acting on the matter for Links are partners Tom Shropshire and Scott Sonnenblick, who are advising on US law matters from London and New York respectively, while London partners John Tucker and Simon Pritchard are leading on the financing and antitrust fronts.

Freshfields has taken the lead for Foster Wheeler, with senior corporate partner and London M&A co-head Simon Marchant heading the transactional team alongside New York-based US corporate practice head Matthew Herman.

In 2009, Freshfields successfully led for Foster Wheeler in a Court of Appeal hearing, resulting in a decision of industry-wide importance regarding how benefits should be delivered to pension scheme members whose ‘normal retirement date’ has at any point been amended.

Foster Wheeler’s deal with Amec will see the British engineering company expand its footprint into Latin America, giving it the ability to provide engineering and other services including oil drilling and exploration.

The deal, which is subject to definitive merger agreements, was announced yesterday (13 January).