Jenner & Block

Jenner & Block Represents Cerberus in $1.5 Billion Acquisition of DynCorp

Jenner & Block represented Cerberus Capital Management, L.P., one of the world’s leading private investment firms, in Cerberus’ agreement to acquire DynCorp International, Inc. for total consideration of approximately $1.5 billion, including the assumption of debt.  DynCorp International is a global government services provider in support of U.S. national security and foreign policy objectives, delivering support solutions for defense, diplomacy, and international development.  As part of the transaction, DynCorp International’s shareholders will receive $17.55 for each share of the company’s common stock.  The transaction, which was announced on April 12, 2010, is expected to close in the second half of 2010.

For the full details of the transaction, please click here to view the DynCorp International press release.

The firm’s team was led by Partners Alex Ward and Les Lepow and Associate Damien Specht, with substantial contributions from Partner Elaine Wolff, Of Counsels Iris Bennett and Kathy Weinberg, and Associates Jeff Larson, Derek Higginbotham, Lee Dionne, Deanne Millison, Gabriel Gutierrez, Marc Katz, and Greg Knudsen.