New York – LAWFUEL – Law & Business – October 6, 2006 – Debevoise & Plimpton LLP is advising Ripplewood Holdings and Oak Hill Capital Management in a definitive agreement to purchase a majority stake in RSC Equipment Rental from Atlas Copco. The aggregate transaction value is approximately $3.4 billion, plus up to $400 million of additional consideration in the form of notes. The transaction is subject to customary closing conditions and regulatory approvals, and is expected to close prior to year end.
Ripplewood Holdings is a leading private equity firm established in 1995 that, through five institutional private equity funds managed by Ripplewood, has invested over $3 billion in transactions in the U.S., Asia and Europe and the Middle East. Oak Hill Capital Partners is a leading private equity firm with more than $4.6 billion of committed capital. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington, London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partner Jeffrey J. Rosen and includes partners David A. Brittenham, Paul D. Brusiloff and David H. Schnabel, counsel Marc A. Kushner and associates Michael A. Diz, Mariana T. Franca Pereira, Rafael Kariyev, Minor Myers, III and Tameka Nachelle Simmons.