Dechert Provides Antitrust Counsel to Ritchie Bros. on $758.5M IronPlanet Acquisition
August 30, 2016
Dechert LLP is providing antitrust counsel to Ritchie Bros. on its US$758.5M acquisition of IronPlanet, an online marketplace for the sale and purchase of used industrial equipment. Ritchie Bros., established in 1958, is the world’s largest industrial auctioneer, selling used equipment for the construction, transportation, agriculture, energy mining, forestry, and other industries.
According to their joint press release, the companies expect that the combined company will rank within the world’s top 50 business to business e-commerce companies. The acquisition will accelerate Ritchie Bros.’ multi-channel diversification strategy, increase customer choice, enhance online offerings, and expand the company’s capabilities into new channels, sectors, and regions.
The Dechert antitrust team advising Ritchie Bros. is led by partner James Fishkin, with assistance from associates Rani Habash, Konstantin Medvedovsky, Thomas Miller and Michael Okkonen.
About Dechert
Dechert is a global specialist law firm focused on sectors with the greatest complexities and highest regulatory demands. We deliver practical commercial insight and judgment to our clients' most important matters. Nothing stands in the way of giving clients the best of the firm's entrepreneurial energy and seamless collaboration in a way that is distinctively Dechert.
Related Professionals
