The facts are sourced from an 8-K filed with the SEC via EDGAR, published on February 3, 2025. The deal's current status is pending regulatory review.
Financial advisory roles are clearly delineated by side, with both advisors serving in a lead capacity. Goldman Sachs & Co. LLC is serving as exclusive financial advisor to Triumph, the target, per the statement "Goldman Sachs & Co. LLC is serving as exclusive financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to TRIUMPH." On the sponsor side, Lazard is serving as financial advisor to Berkshire Partners and Warburg Pincus, consistent with the language "Lazard is serving as financial advisor and Kirkland & Ellis LLP and Covington & Burling LLP are acting as legal counsel to Berkshire Partners and Warburg Pincus."
Legal advisors are disclosed for both sides. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to Triumph, the target. Kirkland & Ellis LLP and Covington & Burling LLP are both acting as legal counsel to the sponsors, Berkshire Partners and Warburg Pincus.
Beyond the classification of this transaction as a take-private/leveraged buyout with a disclosed value of $3,000,000,000, no further detail on the per-share cash consideration, financing structure, or other specific terms is included in the facts provided.
Several items are not disclosed in this record: the per-share cash consideration is not specified, no detail on debt financing sources for the buyout is provided, and no expected closing date is given beyond the pending-regulatory status.