After a two-month takeover quest, veteran French M&A lawyer Jean-Pierre Martel of Orrick, Herrington & Sutcliffe advised the board of engineering giant Alstom as it recommended this past weekend that the company accept General Electric’s $17 billion bid for its energy business.
The deal, which pending an array of shareholder and regulatory approvals is expected to close next year, has yielded roles for nearly a dozen Am Law 100, Global 100 and French firms. It’s also the second notable transaction announced this week by GE, as the Fairfield, Conn.-based conglomerate has tapped a trio of Scandinavian firms to advise on the $950 million sale of its GE Money Bank consumer finance unit to Spain’s Banco Santander.
