The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”), Ensemble Parent LLC (an affiliate of The Blackstone Group), and certain management shareholders in the sale by the selling shareholders of 9,633,107 shares of TeamHealth common stock, resulting in gross proceeds of $319,915,483. Ensemble Parent LLC sold 9,588,990 shares, representing the remainder of its ownership of TeamHealth’s stock. Barclays and Citigroup acted as joint bookrunners for the offering.

More >>

The Firm represented the underwriters, led by Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and UBS Securities LLC, as joint book-running managers, in connection with a public offering of 6,000,000 shares of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value per share, with a liquidation preference of $25 per share, of Cullen/Frost Bankers, Inc. The offering closed on February 15, 2013.

More >>

The Firm represents affiliates of Blackstone Real Estate Partners in the formation of Invitation Homes, L.P., a national platform to purchase distressed single family homes and then refurbish, lease and maintain them in neighborhoods across the country. According to press reports, Invitation Homes has spent more than $2.5 billion on 16,000 homes to manage as rentals, making Invitation Homes the largest owner of single-family homes in the country. In connection with the formation of Invitation Homes, the Firm represented affiliates of Invitation Homes in a $600 million revolving credit facility with Deutsche Bank as administrative agent.

More >>

Weil advised AMR, the parent company of American Airlines, in connection with its proposed approximately $11 billion merger with US Airways Group—a merger that would create the world’s largest airline, offering 6,700 daily flights to 336 destinations in 56 countries. The transaction has been approved by the boards of directors of both companies and is expected to close in the third quarter of 2013.

More >>

Troutman Sanders continued the expansion of its Lending and Structured Finance practice, announcing today that it has added a three-member team to its New York office.

More >>

Polsinelli Shughart is pleased to welcome Edward M. Fox as a shareholder to the firm’s New York office where he will assist clients with bankruptcy and financial services needs. Fox comes to the firm with more than 25 years experience, and has served as partner and head of the bankruptcy departments at several major law firms.

More >>