Greenberg Traurig Maher Assists Invensys plc In 625 Million Pounds Sterling Agreement With Trustee of Invensys Pension Scheme To Enable 1,742 Million Pounds Sterling Sale Of Invensys' Rail Division To Siemens AG And 625 Million Pounds Sterling Return Of Cash To Invensys' Shareholders PR Newswire LONDON, Nov. 30, 2012 LONDON, Nov. 30, 2012 /PRNewswire/ -- The international law firm Greenberg Traurig Maher LLP (GTM) represented Invensys, the global technology company, in discussions with the Trustee of Invensys UK Pension Scheme to provide Invensys with a long-term pension solution and increased financial flexibility. The pensions deal, which is a condition to completion of the agreed sale, comprises an up-front payment of £400 million and a further payment of £225 million into a bespoke trust arrangement. The deal will enable Invensys' proposed disposal of its Rail Division to Siemens AG for £1,742 million and a proposed £625 million return of cash to Invensys shareholders. The GTM team was led by Wynne Turner, who worked closely with Invensys Chief Executive Wayne Edmunds, Chief Financial Officer David Thomas and Executive Director and General Counsel Victoria Hull. The team also worked with Invensys' financial advisers Ondra Partners, JP Morgan Casenove and lead counsel on the transaction Freshfields Bruckhaus Deringer LLP. GTM Chairman Paul Maher said, "This transaction demonstrates GTM's capacity for innovative thinking in a technically challenging transaction as well as our ability to team successfully with other advisers to achieve our clients' strategic goals. We are very excited to have been part of this important and potentially game-changing transaction for Invensys. Wynne Turner's collaborative approach combined with his broad experience as both a senior in-house lawyer and trustee director of a major pension fund enabled us to make a telling contribution to this transaction." Invensys Chief Executive Wayne Edmunds said, "The agreements with the Trustee of Invensys UK Pension Scheme provide the Company with a long-term pension solution and financial flexibility and we have been delighted with GTM's role in helping us achieve this." Invensys is a global technology company that works with a broad range of industrial and commercial customers, rail operators and appliances manufacturers to design and supply advanced technologies that optimise their operational performance and profitability. About Greenberg Traurig Maher LLP Greenberg Traurig Maher LLP, established in 2009 in the UK by the international law firm Greenberg Traurig, LLP, is routinely chosen to handle critical M&A matters in a diverse range of international and domestic companies and financial institutions. Greenberg Traurig Maher's rapidly expanding team provides shareholder-led advice to domestic and international clients on a range of matters across the legal spectrum. Lawyers at Greenberg Traurig Maher advise UK and multinational clients operating in many different sectors, including chemicals, pharmaceuticals, life sciences, energy, technology, real estate, financial services, information services, automotive, entertainment, retail and communications. For additional information, please visit www.gtmlaw.com . Website: http://www.gtlaw.com Contact: Media Enquiries, Lourdes Brezo-Martinez, +1-212-801-2131, email@example.com
Greenberg Traurig Maher Assists Invensys plc In 625 Million Pounds Sterling Agreement With Trustee of Invensys Pension Scheme To
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