Kaarli H.Eichhorn

Experience

The below is a selection of matters on which Mr. Eichhorn has advised General Electric Company in the last ten years, prior to joining Jones Day.

Represented NBC Universal in its acquisition by Comcast Corporation, in non-U.S. merger and strategic investment clearance processes between 2009 and 2011.

Represented GE Energy in its 2011 $3.2 billion acquisition of French power conversion company Converteam Group SAS. The transaction led to horizontal overlaps and vertical links in a number of industrial markets. The transaction was unconditionally cleared globally, with divestments in the U.S. in low-speed synchronous electric motors.

Represented GE Energy in its 2011 $3 billion acquisition of Dresser Holdings, managing multi-jurisdictional clearances.

Represented GE Energy in a 2011 EU Commission investigation into potential anticompetitive practices related to gas reciprocating engines.

Represented GE Aviation in the 2013 $4.3 billion acquisition of the aviation business of Avio S.p.A. of Italy. This vertical transaction was made conditional upon a series of commitments in the EU and the U.S.

Represented Budapest Bank in allegations of the Hungarian Competition Authority in 2013 relating to anticompetitive conduct in the refinancing of foreign currency consumer mortgages.

Counsel to GE Capital in numerous business divestments where the majority of GE Capital assets (valued at approximately $200 billion) were spun off in 'Project Hubble' in 2015-2017 covering, among others, equipment leasing, factoring, real estate, and consumer banking.

Represented GE in obtaining global merger control clearances for the $10.6 billion acquisition of Alstom's power and grid business, its largest-ever industrial acquisition. The transaction was cleared following remedies in gas turbine markets provided in the EU and U.S. and following a very significant number of global merger and strategic investment clearances. The GE team won the 2016 GCR award in the category Merger Control Matter of the Year – Europe.

Represented GE Energy in obtaining global merger control clearances for the 2016 establishment of Russian Gas Turbines, a joint venture between Inter Rao and United Engine Corporation of Russia and GE.

Represented GE Energy Financial Services in the 2017 acquisition, jointly with Macquarie Group, of Markbygden ETT of Sweden, upon completion, the largest single onshore wind farm in Europe. The transaction was unconditionally cleared by the EU Commission.

Represented GE Capital Aviation Services (GECAS) in obtaining global merger control clearances for its 2017 acquisition over Irish joint venture Einn Volant Aircraft Leasing Holdings Ltd., jointly with Caisse de dépôt et placement du Québec. The joint venture is active in the acquisition and leasing of aircraft.

Represented GE Healthcare in its amicable settlement with the Swiss Competition Commission in 2016, regarding imports of medical ultrasound machines.

Represented GE Capital in dismissing allegations in one of the highest profile antitrust investigations conducted by the Italian Competition Authority in recent years, involving information exchange practices among several Italian-based automotive leasing and fleet management companies.

Represented NBC Universal in an EU investigation into several major U.S. Hollywood film studios' contract provisions (including so-called 'MFN' clauses) relating to the financing and installation of digital projection equipment in cinemas.

Represented GE Healthcare after its US$2.4 billion acquisition of medical device manufacturer Instrumentarium in 2004 in comprehensive commitments compliance. The transaction was cleared conditional upon divestments, supply commitments, and a perpetual Open Interfacing Commitment.

Represented NBC Universal in the HULU joint venture in non-U.S. clearance processes throughout 2007-2011.