Debevoise & Plimpton LLP is advising Acorn Investment Partners, a portfolio company of funds managed by Oaktree Capital Management, in its acquisition of BW/IP - New Mexico, a wholly owned subsidiary of Flowserve Corporation (NYSE:FLS) that holds asbestos liabilities and related insurance assets. For more information, please see the company’s press release.
The Debevoise team is led by insurance M&A partner Andrew Jamieson and includes tax partner Michael Bolotin, litigation partner Mark Goodman, and restructuring partner Sidney Levinson and associates Michael Godbe and Zachary Pollack.