Kirkland & Ellis Advises on Grizzlies Sale and Ownership Change

Kirkland & Ellis LLP represented a consortium of investors led by Stephen A. Kaplan, principal, co-portfolio manager of the Global Principal Group and member of Oaktree Capital Management’s Board of Directors, as part of Robert J. Pera’s $377 million acquisition of the Memphis Grizzlies NBA franchise, a deal that was approved unanimously by the NBA Board of Governors.

More >>

Tags:  Kirkland & Ellis LLP | Los Angeles

Kramer Levin Bolsters Financial Services Practice with the Addition of George Silfen

Kramer Levin Naftalis & Frankel LLP today announced that corporate attorney George M. Silfen has joined the New York office as a partner in the firm’s Financial Services Group. Mr. Silfen primarily advises clients on regulatory and compliance matters associated with investment companies, and investment advisory, brokerage, securities custody and transfer agent services.

More >>

Tags:  Kramer Levin Naftalis & Frankel LLP | New York

Morrison & Foerster Represents Fosun Pharma in IPO

Morrison & Foerster is representing Shanghai Fosun Pharmaceutical (Group) Co., Ltd. in its US$512 million initial public offering on the Hong Kong Stock Exchange today. Fosun Pharma is the third largest Hong Kong IPO deal this year, and the first significant successful new listing since July. UBS AG, China International Capital Corp., J.P. Morgan and Deutsche Bank AG acted as the joint global coordinators in the deal.

More >>

Tags:  Morrison & Foerster LLP | Hong Kong

Davis Polk Advises Bertelsmann on the Combination of Random House and Penguin

Davis Polk is advising Bertelsmann SE & Co. KGaA in connection with the combination with Pearson plc of their trade-book publishing companies, Random House and Penguin Group, respectively. Bertelsmann will own 53% and Pearson will own 47% of the combined company, which will be named Penguin Random House. The closing of the transaction is scheduled to take place in the second half of 2013, following regulatory approval.

More >>

Tags:  Davis Polk & Wardwell | New York