Sidley Austin LLP Advises Starwood Property Trust and Starwood Capital Group on $1.05 Billion Acquisition of LNR Property LLC

Sidley Austin LLP acted as primary legal counsel advising Starwood Property Trust, Inc. and Starwood Capital Group on their agreement to acquire LNR Property LLC for $1.05 billion. Under the terms of the agreement, Starwood Property Trust will acquire LNR’s U.S. and European real estate debt investing and special services businesses, Hatfield Phillips, and Starwood Capital Group will acquire LNR’s commercial property group. Both entities will also acquire a stake in Auction.com, an online provider of commercial and residential transaction management services. The acquisition is expected to close by the end of the second quarter of 2013.

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Tags:  Sidley Austin LLP

Cooley Represents Brocade in $300 Million 4.625 % Senior Notes Offering

Cooley LLP announced today that it represented Brocade Communications Systems, Inc. in its offering of $300 million aggregate principal amount of 4.625% Senior Notes due 2023. The notes are Brocade’s senior, unsecured obligations, and interest on the notes is payable semi-annually in cash at a rate of 4.625% per annum beginning July 15, 2013. The Company will use the proceeds of the financing, together with cash on hand, to redeem all of its outstanding 6.625% senior secured notes due 2018.

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Tags:  Cooley LLP | San Francisco

Insurance Duo Joins Holland & Knight

John Sarchio, one of the insurance industry’s leading and most respected lawyers, has joined Holland & Knight as chair of the firm’s Insurance Industry Practice Team. Mr. Sarchio, most recently co-founder and co-head of the Insurance and Reinsurance Practice Group at Chadbourne & Parke LLP, brings with him Richard G. Liskov, who joins the firm as a partner. Mr. Sarchio also formerly led the insurance practice at White & Case LLP.

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Tags:  Holland & Knight LLP | New York