G+T has advised New York-based private equity firm American Industrial Partners (AIP) on its take-private acquisition of ASX-listed Boart Longyear by way of a plan of arrangement.

Boart Longyear is a leading provider of drilling services, orebody-knowledge technology, and drilling equipment. Established in 1890, the company’s primary focus is on mining and exploration activities, and commodities including copper, zinc, gold, nickel, uranium, and other minerals.

Boart Longyear is headquartered in Salt Lake City, Utah, and was previously listed on the Australian Securities Exchange in Sydney, Australia (ASX:BLY).

The G+T team was led by Corporate Advisory partner David Josselsohn, who was supported by lawyers Olivia Blakiston and Mariam Jaber. Corporate Advisory partner Judy Hsu and lawyer Nina Mao provided advice and Banking + Projects partner Robert Trowbridge was also involved in the transaction, supported by lawyers Wenzo Mnguni and Natan Skinner.

G+T worked seamlessly with AIP’s Canadian counsel Stikeman Elliott on the transaction.

Speaking on the transaction, David commented:
“We are pleased to have assisted our long-standing client AIP on this transaction and look forward to seeing this 134-year-old global company continue its journey under AIP’s ownership.”