The Firm is representing Riverstone Holdings LLC (Riverstone) in connection with the acquisition financing relating to the definitive agreement pursuant to which an affiliate of Riverstone has agreed to acquire Utex Industries, Inc. (Utex) from investment funds affiliated with Rhône Capital L.L.C. (Rhone). Terms of the transaction were not disclosed. The transaction is subject to certain regulatory approvals and is expected to close in April 2013.
Utex, based in Houston, Texas, makes engineered sealing and other products for use in the oil and gas drilling and production, power, mining, water treatment and other industrial sectors, including those in severe operating environments where high pressures and temperatures present challenges that require customized solutions.
The Simpson Thacher team includes Christopher Brown, Stephanie Rotter and Tyler Flood.
