New York – December 19, 2006 – LAWFUEL – US Law & Business – Debevoise & Plimpton LLP is advising The Carlyle Group in its definitive agreement to acquire and take private ElkCorp in an all-cash transaction valued at approximately $1.0 billion, including the assumption of approximately $173 million of net debt. In a related transaction, Debevoise is also advising Carlyle in its agreement to acquire Atlas Roofing Corporation from Hood Companies, Inc. Following the closing of the Elk transaction, Carlyle expects to merge Elk and Atlas. However, completion of the Elk transaction is not contingent upon completion of the Hood/Atlas transaction.
ElkCorp, through its subsidiaries, manufactures Elk brand premium roofing and building products (90% of consolidated revenue) and provides technologically advanced products and services to other industries. The Carlyle Group is a global private equity firm with $46.9 billion under management. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partner Paul S. Bird and includes partners Peter A. Furci, Elizabeth Pagel Serebransky, Jeffrey J. Rosen and Gregory H. Woods III, counsel Marc A. Kushner and associates Yoeli Barag, Vivian M. Blanco, Lisa B. Gorrin, Karl Lee, Kyle A. Pasewark, David W. Wicklund and Harry Zirlin.