Air Lease Forms $2 Billion Aircraft Leasing Joint Venture

Munger, Tolles & Olson LLP represented Air Lease Corp. (ALC) in a joint venture with Napier Park Global Capital (US) LP announced Nov. 6, 2014.

The joint venture, which will be named Blackbird Capital I LLC and managed by ALC, plans to buy up to $2 billion worth of commercial airplanes by the end of 2016 to be leased to other airlines globally.

More >>

Kirkland & Ellis LLP Represents Wynnchurch Capital in Raising $1.2 Billion Fund

Kirkland & Ellis LLP represented Wynnchurch Capital in the raising of its fourth private equity fund, Wynnchurch Capital Partners IV, L.P., which announced its final closing at $1.2 billion of limited partner commitments. The fund, which had a target of $900 million, was oversubscribed, resulting in the fund reaching its hard cap closing relatively quickly after its initial launch in September 2014.

More >>

Kirkland Advises Vista Equity Partners in Formation and Fundraising of Vista Equity Partners Fund V

Kirkland represented Vista Equity Partners in the formation and fundraising of Vista Equity Partners Fund V, its fifth flagship fund, which completed its fundraising six months early and announced its final closing on October 15, 2014. With Kirkland’s assistance, Fund V far exceeded its $3.5 billion target, raising in excess of $5.775 billion in limited partner commitments. Investors in Fund V include significant commitments from Fund IV limited partners as well as new corporate limited partners, public pension plans, non-U.S. pension funds and sovereign wealth funds, foundations and high-net-worth individuals, including many Vista portfolio company executives. Target investments, for which Vista routinely retains Kirkland as counsel, will focus on middle and upper-middle market enterprise software companies.

More >>

Leading Intellectual Property Team Joins Manatt

Manatt, Phelps & Phillips, LLP, announced the addition of a three-partner group to its Intellectual Property practice, including Robert W. Dickerson Jr. and Lawrence R. LaPorte in the firm’s Los Angeles office, and Yasser M. El-Gamal in Orange County. The team joins from Dickstein Shapiro LLP, where Dickerson had served as co-leader of that firm’s Intellectual Property practice and El-Gamal had served as administrative partner of its Orange County office.

Dickerson joins as chair of Manatt’s national Intellectual Property practice.

More >>

Jones Day adds to Business and Tort Litigation Practice in California with arrival of four former prosecutors

The global law firm Jones Day has announced that four former prosecutors – including three Assistant U.S. Attorneys and a former Deputy District Attorney – have joined the Firm’s Business and Tort Litigation Practice in three different California offices. In San Diego, Truc Do and Peter Mazza have joined as partner and of counsel, respectively. In addition, Rasha Gerges Shields has joined Jones Day as a partner in Los Angeles and Cheryl O’Connor will join the firm on November 17 as a partner in Irvine.

More >>

Covington Advises Steve Ballmer on Clippers Purchase

Covington & Burling advised Steve Ballmer on his agreement to purchase the Los Angeles Clippers from The Sterling Family Trust for $2 billion.

“I will be honored to have my name submitted to the NBA board of governors for approval as the next owner of the Los Angeles Clippers. I love basketball,” Ballmer said in a statement. “And I intend to do everything in my power to ensure that the Clippers continue to win – and win big – in Los Angeles.”

The Covington team was led by Doug Gibson, Scott Roades and Peter Zern, and included Rob Heller and Jeff White (tax), Mike Francese (benefits), Ben Block (litigation), Don Elliott (environmental) and Doris Blazek-White (trusts and estates).

www.cov.com

More >>

Jonathan Bloch Joins JMBM as a Corporate Partner in its Los Angeles Office

Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to welcome Jonathan Bloch as a corporate partner in its Los Angeles office. Formerly of Manatt, Bloch’s law practice focuses on the needs of large institutional investors, including venture capital and private equity. He counsels clients in fund formation, operations, and legal and regulatory compliance. He has participated in raising capital for real estate, hospitality, technology and telecommunication companies, manufacturing facilities and Internet distribution centers.

More >>