Erik Elsea
Erik Elsea concentrates in the areas of mergers and acquisitions, securities law, and general corporate matters.

Bio

Mr. Elsea has represented buyers and sellers and their financial advisors in a variety of U.S. and cross-border transactions, such as public and private acquisitions and divestitures, including mergers and stock and asset purchases; auctions; negotiated and contested public acquisitions; going-private transactions; financings; and joint ventures and other strategic alliances. With respect to general corporate matters, Mr. Elsea has advised companies concerning SEC filings and reporting obligations, board and stockholder affairs, internal reorganizations, and other corporate and securities law matters.

Significant representations include:

  • The AES Corporation and Alberta Investment Management Corporation in their acquisition of sPower (1,200 MW of utility scale solar) from Fir Tree Partners and its minority owners, for $853 million in cash, plus the assumption of $724 million in nonrecourse debt;
  • Duke Energy on two transactions totaling $2.4 billion: the $1.2 billion sale of its power holdings in Brazil to China Three Gorges Corporation and the $1.2 billion sale of its power holdings in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina to I Squared Capital Advisors. This transaction was named “Latin America Power M&A Deal of 2016” by Power Finance & Risk;
  • Wendel SE and its portfolio company AlliedBarton Security Services LLC in AlliedBarton’s merger with Warburg Pincus-backed Universal Services of America, Inc.;
  • Dentsply International Inc. in its $13 billion merger-of-equals with Sirona Dental Systems, Inc.;
  • Dynegy Inc. in connection with the $3.45 billion acquisition of coal and gas generation assets in New England and the Midwest from Energy Capital Partners;
  • Endurance Specialty Holdings Ltd. in its proposed $3.2 billion acquisition of Aspen Insurance Holdings Limited;
  • Jos. A. Bank Clothiers Inc. in its:
    • unsolicited, but subsequently agreed upon, $1.8 billion acquisition by The Men’s Wearhouse, Inc.; and
    • proposed, but subsequently terminated, acquisition of Eddie Bauer LLC;
  • Sprint Nextel Corporation in its $21.6 billion sale of a 78 percent stake to Softbank Corporation, which is the largest-ever overseas acquisition by a Japanese company (named as the “Global M&A Deal of the Year: Grand Prize” by The American Lawyer); and its acquisition of the shares of Clearwire Corporation it did not already own. Both transactions were recognized in the Corporate & Commercial category in the Financial Times’ 2013 U.S. “Innovative Lawyers” report;
  • DigitalGlobe, Inc. in its $900 million merger with GeoEye, Inc.;
  • Braskem S.A. in its acquisition of The Dow Chemical Company’s polypropylene business;
  • developers and investors in various tax advantaged transactions in the renewable energy sector;
  • Société Générale in its acquisition of certain North American power and natural gas trading assets of Sempra Energy Trading, LLC, a joint venture owned by Royal Bank of Scotland and Sempra Energy;
  • Daimler Chrysler AG in its sale of an 80 percent stake in Chrysler Holdings LLC to Cerberus Capital Management, L.P.;
  • BHP Billiton in its attempted $150 billion acquisition of Rio Tinto;
  • Mirant Corporation in its $3.4 billion sale of its Philippines operations to The Tokyo Electric Power Company and Marubeni; and
  • the special committee of the board of directors of Kinder Morgan, Inc. in the leveraged buyout of Kinder Morgan.

Credentials

Education

  • J.D., Vanderbilt University Law School, 1998 (Order of the Coif; Executive Editor, Vanderbilt Law Review)
  • B.A., DePauw University, 1995 (cum laude)

Admissions

  • District of Columbia
  • Indiana

Experience

  • Law Clerk, Hon. Richard L. Nygaard, U.S. Court of Appeals for the Third Circuit

Erik Elsea

Counsel, Mergers and Acquisitions; Corporate Finance
erik.elsea@skadden.com