The firm represented Rain Calcining Limited, an Indian-based manufacturer of calcined petroleum coke, in its acquisition of U.S.-based CII Carbon, L.L.C. for approximately $595 million in cash, as well as the related financing transactions. The combined entity is the world's largest maker of calcined petroleum coke.

The transaction was completed on July 19, 2007.

The Kramer Levin corporate team included Adam Karasik, Ernie Wechsler, Abbe Dienstag, John Longobardo, John Bessonette, Abraham Safdie, Carol Archer, Anna Krasnostein and Alyssa Katz. Barry Herzog and Blake Rigel handled tax issues and Jon Ziefert handled real estate issues. Avram Cahn (employee benefits), Keri Folb (environmental) and Kevin Moss and Leslie Nguyen (intellectual property) also assisted on the transaction.