Leading Corporate Partner to Join Cooley in London

Monday, March 9, 2015

Cooley announces that it will enhance its London business and finance practice with the hiring of Stephen Rosen, a leading London-based private equity and venture capital partner.

Rosen has experience advising high-growth companies, institutional investors, entrepreneurs and management teams on corporate transactions. He has particular expertise in company sales and purchases, mergers and acquisitions and private equity and venture capital financings across a range of industry sectors.

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Tags:  Cooley LLP | London

Akerman Expands National Litigation Practice with Information Governance Lawyer Jeffrey Sharer

Monday, March 9, 2015

Akerman LLP, a top 100 U.S. law firm serving clients across the Americas, bolstered its national Litigation Practice Group with the addition of information governance lawyer Jeffrey Sharer, a recognized authority on the legal, technology and policy implications of digital information. Sharer joins Akerman as a partner in the Chicago office. The Chicago office has welcomed 20 lateral hires in less than 12 months, making Akerman one of the four fastest-growing law firms in the region. More >>

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Sun Life Financial Announces Groundbreaking C$5 Billion Longevity Insurance Transaction with BCE

Friday, March 6, 2015

Willkie advises Sun Life Financial in transaction with BCE, Canada’s largest communications company.

Willkie recently advised Sun Life Financial in its C$5 billion longevity insurance transaction with BCE, Canada’s largest communications company. Under the terms of the longevity insurance agreement, the first of its kind in North America, the Bell Canada Pension Plan will pay monthly premiums to Sun Life in exchange for Sun Life making monthly pension payments into the plan for the lifetime of existing pensioners. BCE maintains full responsibility for the Bell Canada Pension Plan and related payments to pensioners. Sun Life will reinsure a portion of the longevity risk to RGA Canada and SCOR Global Life. More >>

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Steptoe Further Expands Chicago Office with Addition of Three Litigation Partners

Friday, March 6, 2015

Steptoe & Johnson LLP is further expanding its Chicago office and toxic tort litigation practice with the addition of Bob Shuftan, Tony Hopp, and Jeremy Goldkind. All three join as partners and follow the arrivals of their former colleagues Michael Dockterman, Cal Burnton, John Frey, and Derek Smith, who also joined Steptoe’s Chicago office as litigation partners in February. More >>

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Shearman & Sterling Advises Jaguar Land Rover on Its $500 Million Fixed Rate High Yield Bond Offering

Friday, March 6, 2015

Shearman & Sterling represented Jaguar Land Rover Automotive plc (“Jaguar Land Rover”) on its offering of $500 million fixed rate high yield bonds due 2020. Jaguar Land Rover Automotive plc, an indirectly-owned subsidiary of Indian-owned Tata Motors Limited (India), bought luxury carmakers Jaguar Land Rover Limited and Land Rover in 2008. More >>

Tags:  Shearman & Sterling LLP | London | Washington

Kirkland & Ellis Represents Madison Dearborn, Ikaria in $2.3B Sale to Mallinckrodt

Friday, March 6, 2015

Kirkland & Ellis LLP represented Madison Dearborn Partners and Ikaria, Inc., a privately held critical care company, which today announced that it has reached a definitive agreement with Mallinckrodt plc under which a subsidiary of Mallinckrodt will acquire Ikaria from a Madison Dearborn-led investor group in a transaction valued at approximately $2.3 billion. Mallinckrodt (NYSE: MNK), is a leading global specialty biopharmaceutical company. Subject to customary closing conditions, the parties expect the transaction to be completed early in the second calendar quarter of 2015.  More >>

Tags:  Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York | Palo Alto | San Francisco | Washington

Milbank Advises AWAS on US$4 Billion Sale of a Portfolio of 90 Aircraft to Macquarie Group Limited

Friday, March 6, 2015

Milbank, Tweed, Hadley & McCloy have advised Dublin-based aircraft lessor, AWAS and its owners Terra Firma and Canada Pension Plan Investment Board (“CPPIB”) on an agreement to sell a portfolio of 90 aircraft to Macquarie Group Limited (ASX; MQG; ADR: MQBKY) for a total consideration of US$4 billion. The sale is expected to close within 12 months and is subject to customary closing conditions. More >>

Tags:  Milbank LLP | London | New York

Goodwin Represents Centerview Partners in AbbVie’s $21 Billion Acquisition of Pharmacyclics

Friday, March 6, 2015

Goodwin Procter represented investment bank Centerview Partners in connection with AbbVie’s announced $21 billion acquisition of Pharmacyclics, a biopharmaceutical company, and its flagship product Imbruvica ®. Centerview acted as a financial advisor to Pharmacyclics.

According to the terms of the transaction, AbbVie will pay $261.25 per share representing a mix of cash and AbbVie equity. The transaction is subject to customary closing conditions and approvals, and the tender of a majority of outstanding shares of Pharmacyclics’ common stock. The deal is expected to close in the middle of 2015. More >>

Tags:  Goodwin Procter LLP | Boston

Covington Opens Los Angeles Office

Friday, March 6, 2015

Covington will open a new office in Los Angeles on March 9. The office will be staffed by current firm lawyers and three new senior lawyers and will focus initially on insurance coverage, media and content distribution, patent litigation, public policy/government affairs and white collar defense. More >>

Tags:  Covington & Burling LLP | Los Angeles