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