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October 30, 2007 (New York, NY) - Proskauer Rose LLP, an international law firm with more than 750 lawyers worldwide, has represented J.P. Morgan Securities Inc. in its role as lead financial advisor to Oglebay Norton Co., which agreed to be acquired by Carmeuse North America for $520 million in cash. The deal is valued at approximately $700 million, including debt.
Oglebay Norton is a Cleveland-based provider of essential minerals and aggregates to a broad range of markets from building materials and environmental remediation to energy and industrial applications. Pittsburgh-based Carmeuse North America, a wholly owned subsidiary of Carmeuse Group, is the largest producer of lime and limestone products in North America.
J.P. Morgan Securities Inc. acted as lead financial advisor to Oglebay Norton and provided a fairness opinion to the company. The Proskauer team representing J.P. Morgan included Jeffrey Horwitz, Julie Allen and Jon Oram.
The transaction is the latest significant matter Proskauer has handled on behalf of longtime client J.P. Morgan. In March, the firm represented J.P. Morgan U.S. Corporate Finance Investors III in connection with the acquisition of RoadLink Holdings Inc.
Proskauer's Corporate Department consists of over 200 lawyers worldwide counseling clients in the full range of sophisticated financial transactions and daily business and regulatory matters including mergers & acquisitions, capital markets, private equity, finance, and bankruptcy. The firm's transactional practice includes: public and private mergers and acquisitions; public securities offerings, including IPOs; private equity fund transactions, including formation of private equity funds and leveraged buyout funds, and investments by institutional and private investors; private placement of securities and private financing; and leveraged buyouts and structured finance.
About Proskauer Rose
Proskauer Rose, founded in 1875, is an international law firm providing a wide variety of legal services to clients worldwide from offices in Boca Raton, Boston, Chicago, London, Los Angeles, New Orleans, New York, Newark, Paris, São Paulo, and Washington, D.C. The firm has wide experience in all areas of practice important to businesses and individuals including corporate finance, mergers and acquisitions, general commercial litigation, corporate governance matters, conducting internal corporate investigations, white collar criminal defense, private equity and fund formation, patent and intellectual property litigation and prosecution, labor and employment law, real estate transactions, bankruptcy and reorganizations, trusts and estates, and taxation. Its clients span industries including chemicals, entertainment, financial services, health care, information technology, insurance, internet, lodging and gaming, manufacturing, media and communications, pharmaceuticals, real estate investment, sports, and transportation. The firm can be found online at http://www.proskauer.com.
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