Timagenis Law Firm acted as local counsel in Greece to J.F. Lehman & Co. (a leading middle-market private equity firm focused exclusively on the defense, aerospace and maritime sectors) on the acquisition of a Greek subsidiary of Ashland Inc. (NYSE:ASH) as a part of global transaction involving multiple jurisdictions, whereby Ashland Inc. sold its global marine services business, known as Drew Marine, to J.F. Lehman & Co. for approximately $120 million before tax.
Timagenis Law Firm worked in conjunction with law firms Blank Rome LLP and Jones Day who were the global legal advisors to J.F. Lehman. The Drew Marine business has approximately 325 employees, 28 offices and 98 stocking locations in 47 countries. The Drew Marine business is a recognized global leader in providing technical solutions, high-value products and services to the global marine industry.