Kirkland & Ellis LLP represents Tronox Limited (NYSE:TROX), which announced today that it has signed a definitive agreement to sell its Alkali Chemicals business, the world’s largest producer of natural soda ash, to Genesis Energy, L.P. (NYSE:GEL), a diversified midstream energy master limited partnership headquartered in Houston, Texas, for $1.325 billion in cash. The transaction is expected to close in the second half of 2017, subject to customary regulatory approvals and closing conditions. More information on the transaction is available here.
The Kirkland team was led by corporate partners Scott Falk and John Kupiec and associates Peter Park, Lukas Richards and Caroline Epstein, antitrust partners Matt Reilly, Paula Riedel, Sally Southwell and Ian Conner and associates Tadeusz Gielas and Michael DeRita. The team also included capital markets partners Richard Aftanas and David Curtiss, tax partners Roger Lucas and Benjamin Schreiner and associate Vivek Ratnam, employee benefits of counsel Jack Bernstein and associate Scott Vail, environmental transactions partners Brian Land and Jeanne Cohn-Connor and associate Carleigh Trappe Rodriguez, technology & IP transactions partner Neil Hirshman and associate Kevin Jacobson, executive compensation partner Michael Krasnovsky and associate Jennifer Gong, labor and employment of counsels Tim Stephenson and John Irving and associate Bryan O’Keefe, real estate partner Roberto Miceli and associate Nicholas Carson and international trade partners Mario Mancuso and associates Jen Fernandez and Douglas Badder.