Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has acted as lead deal counsel and advised First Reserve on its £275mn purchase of Weir Group PLC’s Flow Control division, in a transaction which is expected to complete in Q2 2019, subject to regulatory approvals.
 
First Reserve is a leading global private equity investment firm focused exclusively on energy.
 
Weir Flow Control provides highly engineered pumps, valves and other solutions used in downstream, midstream, utility and industrial sectors, as well as related aftermarket parts and services.
 
The Freshfields team is being led by partner James Scott and includes partners Omar Pringle who is advising on the US aspects of the transaction, David Brooks who is advising on commercial and separation arrangements and Peter Clements on tax matters.