GE Water & Process Technologies Acquires ZENON Environmental

On May 31, 2006, GE Water & Process Technologies, a unit of General Electric Company, completed its acquisition of ZENON Environmental Inc. for $24 per share, valuing the transaction at approximately $760 million (US$656 million). GMP Securities L.P. and J.P. Morgan Securities Inc. were financial advisors to the special committee of ZENON's board of directors.
ZENON, based in Oakville, Ontario, is a global pioneer and supplier of hollow fibre membrane technologies for water and wastewater treatment. GE Water & Process Technologies, based in Trevose, Pennsylvania, is a leading global supplier of water treatment, wastewater treatment and process systems solutions.
The General Electric team was led by Holly Elizabeth Stroud, senior counsel, mergers and acquisitions, GE Energy, and Riv Goldman, senior counsel, GE Water & Process Technologies, and included Christopher Barbuto. McCarthy Tétrault LLP represented General Electric in Canada with a team led by Blair Cowper-Smith that included Frank DeLuca, Barclay Laughland, David Randell and Lara Nathans (business); Jerald Wortsman, Gabrielle Richards and Brian Pel (tax); Sean Smyth (litigation); Tony Alexander (research); and Alfred Macchione (IP). Blake, Cassels & Graydon LLP represented General Electric in Canada on regulatory matters with a team that included Robert Kwinter and Julie Soloway. Weil, Gotshal & Manges LLP represented General Electric in the US with a team of Howard Chatzinoff, Pepper Brill and Mark Mendoza (business) and Kimberly Blanchard (tax). Tony Reeves, Jim Back and Iván Sólyom of Clifford Chance LLP in Brussels represented General Electric on antitrust filings in Europe and other jurisdictions outside Canada and the US.
Torys LLP represented ZENON Environmental in Canada and the US with a team that included Kevin Morris, Adam Armstrong, Jackie Taitz and Jim Turner (corporate); Linda Plumpton (litigation); Corrado Cardarelli (Canadian tax); Carolyn Naiman (competition); Peter Keenan (US tax and ERISA); Jay Romagnoli and Craig Pell (US antitrust); Dennis Mahony (environmental); and Christina Medland (pension and employment).
Alan Litwack of Minden Gross Grafstein & Greenstein LLP, with a team that included Jack Tannerya and Lee-Anne D'Aoust, also acted for ZENON in Canada. Goodmans LLP represented the special committee of ZENON's board of directors with a team that included Stephen Halperin, Neil Sheehy and Brenda Gosselin (corporate). Thomas Jestaedt and Alexandra Deege of Jones Day acted for General Electric on antitrust filings in Europe and other jurisdictions outside Canada and the US.

Lawyer(s)

Kimberly S. Blanchard Adam S. Armstrong Robert E. Kwinter Jonathan W. Kahn Jackie R. Taitz Lara Nathans Alan D. Litwack Lydia Pham Sébastien Guy Ted Betts Dennis E. Mahony Neil M. Sheehy David Shaw David Randell Jerald M. Wortsman Jason L. Gudofsky Maria Amore John Leopardi Jeffrey C. Trossman Linda M. Plumpton Brenda Gosselin Ronan Levy Nadia Fiorita Pierre A. Raymond Carolyn N. Naiman Alfred A. Macchione Corrado Cardarelli Joseph (Jay) Romagnoli Sean S. Smyth Kevin M. Morris Marc Rochefort Benoît C. Dubord Philippe Decary Stephen H. Halperin Brian C. Pel Barclay A. Laughland Steeve Robitaille Howard Chatzinoff Peter Keenan Frank A. DeLuca J. Craig Pell G. Blair Cowper-Smith Jack B. Tannerya Julie A. Soloway Craig C. Thorburn Lee-Anne D'Aoust Christina H. Medland Angie L. Morris

Firm(s)