Akin Gump Represents Secured Lenders in Sale of Long-Term Acute Care Hospitals

Akin Gump Strauss Hauer & Feld LLP advised the steering committee of secured lenders of LifeCare Holdings, Inc., and its subsidiaries, one of the largest operators of long-term acute care hospitals in the United States, in connection with the lenders’ acquisition of substantially all of LifeCare’s assets in a sale pursuant to section 363 of the Bankruptcy Code. The lenders served as the stalking horse purchaser through a credit bid transaction worth approximately $320 million plus certain assumed liabilities.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | New York

Paul Hastings Advises CLSA Limited on Ayala Corporation’s Block Sale

Paul Hastings, a leading global law firm, announced today that it represented CLSA Limited as the sole placing agent in Ayala Corporation’s approximately US$79 million (PHP3.4 billion) treasury share block sale. Ayala Corporation is one of the Philippines’ largest conglomerates, with interests in real property, banking, telecommunications, water, infrastructure and energy.

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Tags:  Paul Hastings, LLP | Hong Kong

Robert A. Kauffman Joins Blank Rome, Enhancing Litigation and Business Departments

Blank Rome is pleased to announce that Robert A. Kauffman has joined the Firm as Partner in the Commercial Litigation and Mergers & Acquisitions and Private Equity groups. Mr. Kauffman has nearly 25 years of experience both litigating and analyzing, structuring, and negotiating complex commercial transactions across a wide variety of sectors. He is based in the Firm’s Philadelphia office.

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Tags:  Blank Rome LLP