Sidley is representing Regal Beloit Corporation in its US$9.1 billion combination with the Process & Motion Control (PMC) Business of Rexnord Corporation. The transaction is structured as a Reverse Morris Trust in which the PMC business will be spun off by Rexnord to Rexnord’s public stockholders and immediately combined with Regal Beloit in a stock-for-stock merger. The team is led by Scott Williams and Chris Hale, with Suresh Advani and Rachel Kleinberg leading tax. As part of the transaction, Regal Beloit has secured approximately US$3.9 billion of committed financing, with Kelly Dybala leading the financing efforts.
Other team members include Adam Snyder, Jess Day, Nick DeAngelis, Leigh Rorick, Lauren Guerdat, André Rouillard, Tamara Sonenshein, Ellen Heighten, Amy Steurer, BinQuan Zhuang, and Cameron Woolley (Corporate); Katie Funkhouser and Andrei Pinchuk (Tax); Sean Damm and Alejandro Ruiz (Global Finance); Bill Blumenthal, Jamie Sadler, Joseph Coniglio, Vincent Brophy, and Rosanna Connolly (Competition/FDI Regulatory); Lauren Gallagher, Alexa Peterson, Li Wang, and Richard Schneider (Employee Benefits); Jim Weiss, Martha Clarke, Katie Sreenan, Vera Iwankiw, Susan Fanning, Chris Morgan, Peter McCorkell, and Bethany Wise (Labor); Mark Kaufmann, Robert Kelly, Kyle Barnett, and Summer Danzeisen (Technology and IP Transactions); Heather Palmer, Jack Raffetto, and Sarah Jehl (Environmental); Tim Kapshandy, Matthew Shankland, Julie Becker, and Louise McCarthy (Litigation); Liz McCloy, Matt Wholey, and Will Otter (Real Estate); Sujit Raman, Jasmine Agyekum, Francesca Blythe, and Michael R. Roberts (Privacy); Leslie Shubert, Brendan Smith, and Sally Bohmfalk (Anticorruption); Barbara Broussard and Carys Golesworthy (International Trade); and Bart Biggers (Aviation).