Latham & Watkins Advises Titan, Carlyle, and Stellex in Completed Sale of Titan to Affiliate of Lone Star Funds

Funds managed by global investment firm Carlyle (NASDAQ: CG) and private equity firm Stellex Capital Management have announced that they have completed the sale of Titan Acquisition Holdings, a bi-coastal leader in ship repair services and marine and heavy complex fabrication, to an affiliate of Lone Star Funds. The initial definitive agreement of the sale was announced in February 2023.

Latham & Watkins LLP represents Titan, Carlyle, and Stellex in the transaction with a corporate deal team led by Washington, D.C. partners Dan Lennon and Nick Luongo, with associates Ryan Zumwalt and Zach Lippman. Advice was also provided on tax matters by New York partners David Raab and Alan Kimball, with associate Ron Moore; on employment/benefits matters by Washington, D.C. partners David Della Rocca and Nikhil Kumar, with associate Victoria Wolfe; on government contracts matters by Washington, D.C. partners Kyle Jefcoat and Dean Baxtresser, with associates Allen Perry and Blake Page; on environmental matters by Washington, D.C. partner James Barrett and Los Angeles partner Josh Marnitz, with associate Anna Dykema; on intellectual property matters by New York partner Steven Betensky, with associate Zachary Shufro; on anticorruption matters by Washington, D.C. partner Erin Brown Jones; on CFIUS, US national security, and export controls/sanctions matters by Washington, D.C. partners Les Carnegie and Damara Chambers and Washington, D.C. counsel Andrew Galdes, with associates Zach Eddington, Julia Lippman, and Julie Choi Shin; on real estate matters by New York partner Dara Denberg and New York counsel Shira Bressler, with associates Lauren Mastronardi and Michael Nieberg; on data privacy matters by Washington, D.C. partners Tony Kim, Jennifer Archie, and Marissa Boynton; on antitrust matters by Washington, D.C. partner Marc Williamson and Washington, D.C. counsel Peter Todaro; on private equity finance matters by Washington, D.C. partners Jeff Chenard and Manu Gayatrinath, with associates Marie Greenman, Dalton Downing, and Hannah Valentine; on communications regulatory matters by Washington, D.C. partner Elizabeth Park, with associate Michael Herman; and on insurance matters by Los Angeles partner Drew Levin, with associate Harrison White.