22 March 2017
11:00 am - 12:00 pm EDT
Every M&A transaction presents a unique set of EHS risks, liabilities and opportunities - all of which require rapid and rigorous quantification to maximize and capture EHS value.
Join ERM's bi-monthly webinar series to understand these issues and the opportunities they provide.
M&A in 2017 - A Changing Landscape
Following a record two years, global and US deal-making volume slowed in the first half of 2016. The slower pace of M&A activity has been driven by market volatility, uncertain debt markets and an unsettled macro environment. Moreover, many companies are either working to complete or integrate their recent acquisitions.
Despite these factors, certain sectors remain a bright spot for the M&A market including the energy, power, chemicals, industrials, healthcare and materials industries. Additionally, many corporations are considering spin-offs of non-core assets as they digest recent acquisitions and focus on their core business.
Upcoming Webinar: Distressed Assets – Environmental, Health and Safety Risks and Opportunities
Distressed assets present both challenges and opportunities, when assessing and managing environmental, health and safety risks in the context of mergers, acquisitions and divestitures.
ERM and our guest speaker, Seth Kerschner with White & Case LLP, will discuss these challenges and opportunities with examples of buy- and sell- side transactions involving distressed assets, particularly those acquired in bankruptcy.
Join this webinar to learn more about:
- How Stakeholders can influence valuations related to environmental, health and safety liabilities;
- Approaches to valuing environmental, health and safety liabilities; and
- Executing the transaction, limiting successor liability and integrating/deploying the asset in your company.
March Webinar Key Speakers
Jim has over 25 years of experience in the environmental field, assisting clients in regulatory strategy, compliance and enforcement matters. His specialty is in the technical assessment, financial estimating and budget forecasting of legacy environmental problems. In this role, Jim has assisted clients in establishing proper reserves for legacy problems in conformance with SEC guidelines. He has also worked with clients to convert reserve estimates in realistic cash flows as projects have matured through remedial implementation phase. Jim has served as a technical expert on environmental costs associated with environmental issues as part of bankruptcy and frequently works with clients on to understand and quantify regulatory burdens, project life cycle, concept & engineering remedial estimates, and operating cash flows associated with legacy environmental problems.
Carla has more than 25 years of diversified experience focused on identification, quantification and management of environmental, health, safety and sustainability (EHSS) risks and opportunities. She frequently works with industrial clients in managing their portfolio of environmental liabilities for the purpose of budgeting and annual reporting. Carla works closely with ERM’s Transaction Services group on a global platform for clients across a variety of sectors in assessing and quantifying EHSS risks as part of transactions. She has managed a number of transactions involving distressed assets and assisted clients as part of debtor-in-possession financing determinations. Carla has also supported necessary financial filings involving environmental matters as part of a company’s return to capital markets following assisted clients following emergence from Chapter 11 bankruptc.
White & Case, LLP
Seth practices environmental law, and assists clients with transactions, environmental litigation, climate change matters, and environmental regulatory compliance. Seth’s practice involves work with a broad range of public and private sector clients, including public and private companies, governments, and nonprofit organizations.
He advises domestic and international clients on environmental matters in the context of mergers, acquisitions, divestitures, financings, project development, securities offerings, bankruptcies and real estate transactions, and on governmental cleanup programs. In transactions, he advises clients through each environmental aspect of a deal, from designing and coordinating transaction-specific environmental due diligence assessments, through negotiating agreements, to handling closing and post-closing matters.
Seth also represents clients in environmental litigation, including Superfund and Clean Water Act disputes. He has considerable climate change legal experience. He represents a nation in connection with the international climate change negotiations, and has counseled clients on Clean Development Mechanism projects.
Seth has been recognized by Law360 and Chambers USA as a leading environmental practitioner. Prior to joining White & Case, Seth practiced environmental law with another major US law firm in New York.
Please do not hesitate to email Navita Khokha at [email protected] with any questions in regards to this event.
About the Series
The webinars will be a combination of panels, presentations and roundtables. Upcoming key topics in the series include:
- Sell-Side / Vendor EHS Due Diligence (Date to be announced)
Who Should Attend
This series is targeted to corporate Environmental, Health and Safety (EHS) managers and M&A teams, dealmakers and legal counsel who want to learn more about current approaches to derive the most value from EHS diligence and post-merger integration.
December 2016: Product Stewardship Due Diligence
Mergers and Acquisitions (M&A) often involve a combination of new technologies, products, and markets. It is critical to understand the related risks and opportunities, while still selling products in a global marketplace and complying with applicable product stewardship regulations. Yet, this is too often overlooked as part of the due diligence process.
This webinar helped attendees to:
- Gain an understandingof techniques for assessment of product stewardship programs undertaken within the context of mergers or acquisitions.
- Hear pragmatic insights into the challenges and payoffs of incorporating product and chemical compliance into due diligence
- Gain a benchmarking perspective on techniques & best practices learned from practice experience
September 2016: Implementing a Successful EHS Post-Merger Integration Strategy
The turbulent changes that occur during mergers, acquisitions, and spin-offs create both challenges for environmental, health and safety (EHS) functions, and often unrecognized opportunities for synergy, value, and growth.
To capture the value and avoid the pitfalls after a transaction closes, companies must develop and implement EHS Post-Merger Integration (PMI) plans that are in line with business expectations, deal objectives, and company culture. This webinar looked at PMI challenges and best practices and key factors to consider in the first 100 days of integration.