Gibson Dunn Leads Lone Star Funds’ $1.4 billion Acquisition

© 2013 The Texas Lawbook.

By Mark Curriden (December 26) – Lone Star Funds is purchasing Hanson Building Products from its German corporate parent for $1.4 billion.

The Dallas-based private equity firm, which has $45 billion of assets under management, announced the transaction with HeidelbergCement AG on Wednesday. Hanson manufactures products such as concrete pipes and clay bricks.

Lone Star hired Jeff Chapman, a corporate partner in the Dallas office of Gibson, Dunn & Crutcher, to lead the transaction. Chapman has represented Lone Star in several major deals, including the fund’s $1.3 billion acquisition of DFC Global Corporation earlier this year.

Other Dallas lawyers for Gibson Dunn working on the transaction are corporate associates Caitlin Calloway and Joseph Orien. In addition, Dallas partner David Sinak and associate Mike Cannon advised on tax aspects. Dallas associates Krista Hanvey and Needhi Vasavada advised on benefits aspects, while Dallas partner Karl Nelson and associate Rachel Burkhart handled employment aspects.

The Sellers’ legal counsel is Shearman & Sterling.

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