Potter Anderson Advises Conflicts Committee of Teekay Offshore on $170M Take-Private Deal
In a take-private deal valued at approximately $170 million, Teekay Offshore Partners L.P. and Brookfield Business Partners L.P., along with certain of Brookfield’s affiliates and institutional partners, have entered into a merger agreement in which the Brookfield consortium will acquire all of the common units they do not already hold. Teekay Offshore is a leading international midstream services provider to the offshore oil production industry.
Potter Anderson advised the Teekay Offshore conflicts committee on the transaction. The team included partner Tom Mullen and associates Alyssa Ronan and Garrett Lyons.