King & Spalding Advises NBK Capital in USD140 Million

King & Spalding and its affiliated office in Riyadh, the Law Office of Mohammad Al-Ammar, advised NBK Capital on the successful exit of Jeddah-based Hanco, a leading fleet leasing and rental company in Saudi Arabia, in a deal valuing Hanco at USD140 million. The sale generated a return in excess of two times the initial investment for NBK Capital Equity Partners Fund I, an NBK Capital private equity fund focused on providing growth capital to companies in the Middle East and North Africa region.

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Tags:  King & Spalding LLP

McKenna Long & Aldridge LLP to Combine with Luce, Forward, Hamilton & Scripps LLP

The international law firm of McKenna Long & Aldridge LLP (MLA) and the California-based law firm of Luce, Forward, Hamilton & Scripps LLP (Luce Forward) have set a target merger date of March 1, 2012, following a recent vote by the firms’ partners. This combination will enhance the legal services provided to clients in litigation, real estate, insurance, government contracts, government affairs and corporate law. The merger will also strengthen MLA’s California foothold and increase Luce Forward’s national and international presence.

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Tags:  Los Angeles

Paul Hastings Advises Sekisui House on U.S. Acquisition

Paul Hastings, a leading global law firm, announced today that it has advised North America Sekisui House, LLC (“NASH”), the wholly-owned subsidiary of Sekisui House, Ltd – Japan’s largest homebuilder and a leading diversified developer, in its acquisition of the largest operating portfolio of residential master-planned communities in the United States. The acquisition was made through a new joint venture between NASH and Newland Real Estate Group LLC (“Newland”), a national real estate development company based in San Diego, California.

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Tags:  Paul Hastings, LLP | Tokyo