Milbank LLP is representing One Equity Partners (“OEP”) in connection with its agreement to acquire TechnipFMC’s Measurement Solutions business, a leading provider of liquid meters, integrated load management metering systems and related digital solutions involved in materials transfer through infrastructure. The business encompasses three units: Metering Products; Metering Systems; and Terminal Management, and it services a longstanding blue-chip client base with customers across North America, Europe and beyond.
Upon completion of the transaction, the business will represent the addition of another corporate carve-out transaction to OEP’s portfolio. OEP has completed 21 similar transactions across its latest three funds, including 11 which operate in industrial focused end-markets. The transaction is expected to close in the first half of 2024 and is subject to customary closing conditions.
The Milbank team was led by Global Corporate/M&A partner Derek Winokur, along with partner Paul Bennett IV, special counsel Evelyn Liristis, associates Alan Wen, David Templeton and Sara El Souki and law clerk Annie O’Connor.* The team also included Global Corporate/M&A partners Andrej Wolf and Markus Muhs, special counsel Merih Altay and associates David Schwenneker, Julian Jaschinski and Jana Kasakow; Environmental partner Matthew Ahrens and associate Allison Sloto; Technology partner Nicholas Smith, special counsel John Garces and associate Christina Welch; Antitrust partners Adam Di Vincenzo and Ajal Notowicz, special counsel Daniel Rosenthal and associate Jan Maas; Executive Compensation and Employee Benefits partner Mike Shah and associate Jon Sorger; Corporate Finance and Securities partner Antonio Diaz-Albertini and associates Jonathan Markowitz and Bailey Miller; Litigation & Arbitration of counsel Jane Hanson; Real Estate partner Erwin Dweck and associates Bailey Vincent and Sylvia Rosner; Tax partners Edward Lemanowicz, Russell Jacobs and Matthias Schell and associates Michael Rivkin, Cosmos Fung and Arne Hammerich; Global Risk & National Security partner Bijan Ganji, special counsel Lafayette M. Greenfield, II and associate Brian Murff; and CFIUS partner John Beahn and special counsel Dana Zelman.
* Not yet admitted to practice
