Debevoise & Plimpton LLP is advising Clayton, Dubilier & Rice, LLC (“CD&R”) in connection with its agreement with Harsco Corporation (NYSE: HSC) to acquire Harsco’s Infrastructure division and then form a joint venture with Harsco to acquire Brand Energy & Infrastructure Services, Inc. from private equity firm First Reserve in a separately negotiated transaction. The combined company, to be named Brand Energy & Infrastructure Services, will be a leading, single-source provider of specialized industrial services to the worldwide energy and infrastructure sectors. Upon the closing of the transaction, the enterprise value of the combined company is estimated to be approximately $2.5 billion, which includes approximately $1.7 billion in debt financing.

Founded in 1978, Clayton, Dubilier & Rice is a private investment firm. Since its inception, CD&R has invested in 56 U.S. and European businesses with an aggregate transaction value of approximately $90 billion.

Harsco Corporation’s diversified businesses serve major industries that are fundamental to worldwide economic development, including steel and metals production, construction, railways and energy.

First Reserve is a global energy-focused private equity and infrastructure investment firm with $23.1 billion of raised capital since the firm’s inception.

The Debevoise team is led by partners Kevin A. Rinker and Andrew L. Bab, and includes partners David A. Brittenham, David H. Schnabel and Jeffrey P. Cunard, and associates Erin Cleary, Uri Herzberg, David P. Iozzi, Jessica Kasman, Meir D. Katz and Elizabeth W. Whiston.