AspenTech’s Merger With Emerson Electric Co.’s

Simpson Thacher advised JPMorgan as financial advisor on the deal, while Davis Polk advised Emerson. Skadden, Arps, Slate, Meagher & Flom advised AspenTech.

Aspen Technology, Inc. announced its combination with Emerson Electric Co.’s  (NYSE: EMR) industrial software businesses – OSI Inc. and the Geological Simulation Software business – to create a diversified, high performance industrial software leader with greater scale, capabilities and technologies. Emerson will also contribute $6 billion in cash to New AspenTech, which will be received by AspenTech shareholders, in exchange for a 55% stake in New AspenTech. 

AspenTech develops and supplies software. The Company provides process optimization solutions and software. AspenTech caters to the engineering, construction, exploration, refining, chemicals, pharmaceuticals, consumer products, and power industries.  

Emerson, headquartered in St. Louis, Missouri, is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Aspen Technology is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle.

The Simpson Thacher team included Eric Swedenburg (Picture) and Izaak Lustgarten (M&A). 

The Davis Polk corporate team includes partners Phillip R. Mills, Marc O. Williams and Cheryl Chan and associates Shanu Bajaj and Alex Yang. Partner Ronan P. Harty is providing antitrust and competition advice. Partner Michael Mollerus is providing tax advice. Partner Pritesh P. Shah is providing intellectual property advice. Partners Jeffrey P. Crandall and Travis Triano are providing executive compensation advice.

The Skadden team included M&A partners Graham Robinson (Boston) and Chadé Severin (Boston); Intellectual Property and Technology partner Resa Schlossberg (New York); Antitrust/Competition partners Kenneth Schwartz (New York) and Giorgio Motta (Brussels); Tax partner Moshe Spinowitz (Boston); Executive Compensation and Benefits partner Regina Olshan (New York); and Litigation partners Rob Saunders (Wilmington) and Joseph Larkin (Wilmington).  

Involved fees earner: Shanu Bajaj – Davis Polk & Wardwell; Cheryl Chan – Davis Polk & Wardwell; Jeffrey Crandall – Davis Polk & Wardwell; Ronan Harty – Davis Polk & Wardwell; Phillip Mills – Davis Polk & Wardwell; Michael Mollerus – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Travis Triano – Davis Polk & Wardwell; Marc Williams – Davis Polk & Wardwell; Alex Yang – Davis Polk & Wardwell; Izaak Lustgarten – Simpson Thacher & Bartlett; Eric Swedenburg – Simpson Thacher & Bartlett; Joseph Larkin – Skadden; Giorgio Motta – Skadden; Regina Olshan – Skadden; Graham Robinson – Skadden; Robert Saunders – Skadden; Resa Schlossberg – Skadden; Kenneth Schwartz – Skadden; Chadé Severin – Skadden; Moshe Spinowitz – Skadden;

Law Firms: Davis Polk & Wardwell; Simpson Thacher & Bartlett; Skadden;

Clients: AspenTech; Emerson Electric Co.; JP Morgan Securities;


Author: Alejandro Girola