Latham & Watkins advises Globe on FerroAtlántica deal

Latham & Watkins advised silicon metal and silicon-based alloy producer Globe Specialty Metals on its merger with Grupo FerroAtlántica.

The new company will have a combined value of approximately $3.1 billion, combined revenues of approximately $2.3 billion and earnings of approximately $325 million.

The partners from Latham & Watkins Spanish office that advised Globe Specialty Metals on the deal were José Luis Blanco and Manuel Deó – in relation to corporate matters – Jordi Dominguez on tax matters and Antonio Morales with regard to international arbitration.

Alan Kestenbaum, Globe’s executive chairman, said: “Globe’s combination with FerroAtlántica creates a premier global player in the fast-growing silicon metal industry and combines two best-in-class companies.”

“This deal gives Globe shareholders a company with greater international reach, a broader production base and opportunities for further cost reductions on an already low-cost platform. It will also provide exposure to new markets, positioning the new company to take advantage of both accelerated organic growth and growth through acquisition.”

Grupo FerroAtlántica is owned by Grupo Villar Mir. Both entities were advised on the deal by Uría Menéndez.