Paul Hastings Continues Leveraged Finance Expansion with Addition of Another Prominent Partner

Paul Hastings LLP, a leading global law firm, announced today that Michael Baker has joined the Leveraged Finance practice in New York. Mr. Baker, previously with Shearman & Sterling LLP, is a prominent leveraged finance lawyer with extensive bank lending experience. His arrival follows the addition of leveraged finance partners Michael Michetti and Rich Farley, who joined in July and June, respectively.

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Tags:  Paul Hastings LLP | New York

Proskauer – American Realty Capital REIT Seeks to Raise $1.5 Billion

Proskauer assisted with the formation of American Realty Capital Daily Net Asset Trust, Inc. (ARC NAV), a non-traded real estate investment trust that could raise up to $1.5 billion through a best efforts offering. The firm represented ARC NAV in obtaining effectiveness with the U.S. Securities and Exchange Commission, and will continue to serve as counsel during the REIT’s offering period, which became effective on August 15.

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Tags:  Proskauer Rose, LLP

O’Melveny Represents Valedo II in SEK 2 Billion Fund Closing

O’Melveny & Myers LLP represented Valedo Partners Fund II (Valedo II) in its July 22, 2011, fund closing with committed capital of SEK 2 billion (approx. US$311 million).  Valedo II, a Swedish private limited liability company, reached its target size of SEK 2 billion on a single closing and is the successor to Valedo I, which was raised in 2006 and 2007, with committed capital of SEK 1 billion (approx. US$155 million).

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Tags:  O'Melveny & Myers, LLP

Life Sciences Team Joins Michael Best

Michael Best & Friedrich LLP has added a team of six life sciences attorneys and other professionals to its Chicago office, bolstering the firm’s already robust Life Sciences Practice. The group, formerly with the law firm of Polsinelli Shughart in Chicago, is made up of two partners (Lisa Mueller and Paul Jenny), two associates (Todd Hofmeister, Ph.D., and Joseph Pletcher, Ph.D.), a paralegal (Janelle Wiggins), and a legal assistant (Laura Czech). All are joining the firm effective immediately.

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Tags:  Michael Best & Friedrich, LLP