Freshfields Advises Prysmian in Acquisition of Channell Commercial Corporation for $950 Million

Freshfields is advising Italian cable manufacturer, Prysmian S.p.A., on the proposed acquisition of Channell Commercial Corporation for $950 million plus an earn-out of up to $200 million. This transaction represents Prysmian’s first major non-cable transaction in the connectivity solutions space. You can find more info about the transaction here. 

The Freshfields M&A team advising on the acquisition is led by partner Paul Humphreys, counsel Enrique Dancausa and senior associate Annie Powderly, and includes associates Wei Zhang and Madeline Goodlad. Partner Nicole Foster, counsel Jordan Salzman and associate Lina Zhu advised on executive compensation and benefits matters; partner Mena Kaplan and associate Rhea Khakhria advised on intellectual property matters; counsel Jeremiah Nelson and associates Matt Parsons, Casey Hagen and Connor Lang advised on real estate matters; partner Steven Matays, counsel Jay Cosel and associate Jess Berman advised on tax matters; partner Meghan Rissmiller and associates Sam Fulliton, Gabriella Small and Francesca Triggs advised on antitrust matters. Italian law advice was provided by partner Luigi Verga and associate Federico Ferrari.