Sidley is representing Cubic Corporation in its acquisition by Veritas Capital and Evergreen Coast Capital for an enterprise value of US$2.8 billion.
Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Cubic shareholders will receive US$70.00 in cash for each share of Cubic’s common stock they currently hold. The transaction is expected to close during the second calendar quarter of 2021, subject to customary closing conditions, including the receipt of shareholder and regulatory approvals.
The Sidley team was led by Brian Fahrney, Scott Williams, and Jason Nichol (M&A), as well as Kai Liekefett and Derek Zaba (Shareholder Activism), and included Danielle Haikal and Jorene Ooi (M&A); Reuben Zaramian, Kathy Wang, Evan Johnson, Anna Razzaio, Sabina Wahl, Jake Funk, Ashley Krause, and Roy Cohen (Shareholder Activism); Vincent Brophy, James Mendenhall, James Lowe, Rosanna Connolly, Joseph Coniglio, and Ben Falkenberg (Antitrust); Howard Stanislawski, Kristen Knapp, Sven De Knop, Jen Fernandez, Bregt Natens, Alessandra Moroni, and Carys Golesworthy (International Trade); John Schaff and John Wilson (Tax); Kelly Dybala (Global Finance); Sujit Raman, Michael Roberts, and Francesca Blythe (Privacy and Cybersecurity); Matthew Johnson and Sarah Recktenwald (Employee Benefits); Teresa Reuter and Peter McCorkell (Labor); Kyle Barnett (Technology and IP Transactions); Marc Korman (Transportation); and Craig Dukin (White Collar).