Reed Smith Adds Niket Rele as Partner in New York

Reed Smith LLP today announced the addition of Niket Rele as a partner in its Corporate Transactional Advisory Group in New York.

Rele was formerly a partner in the Corporate Department and Information Technology and Outsourcing Group and Chair of the India Practice at Wiggins and Dana. Prior to Wiggin, Rele was with a corporate boutique firm which he co-founded in New York City. Prior to that Rele was an attorney at Orrick, Herrington & Sutcliffe and White and Case. He also practiced at Crawford Bayley & Co in Mumbai, India. More >>

Tags:  Reed Smith LLP | New York

Cooley Adds Four Prominent Corporate Partners in New York and San Francisco

Cooley is further boosting its corporate capability in New York and San Francisco with the addition of four new partners. The well-regarded group, which joins Cooley from Reed Smith, will be led by New York-based partner Yvan-Claude Pierre, head of Reed Smith’s global corporate and securities group and chair of its US capital markets group, who will arrive after completion of his notice period. Cooley’s New York office also gains corporate and capital markets partners Daniel Goldberg and William Haddad; corporate and M&A partner Garth Osterman joins Cooley’s San Francisco office. The four partners will transition to Cooley their full-spectrum, globally-oriented corporate practices. More >>

Tags:  Cooley LLP | New York | San Francisco

Benesch Adds Four Partners, Including Chair of Litigation Practice and New Vice Chair of Firm

Benesch is pleased to announce that Joseph A. Castrodale, Gregory J. Phillips, Yelena Boxer and Andrew G. Fiorella will be joining the firm as partners in the Litigation Practice Group. They will be based in Benesch’s Cleveland office. Formerly with Ulmer & Berne LLP, together the four attorneys will bring to Benesch decades of experience representing large corporate clients in complex business and commercial disputes in federal and state courts throughout the country. More >>

Tags:  Benesch, Friedlander, Coplan & Aronoff, LLP | New York

Reed Smith Adds Niket Rele as Partner in New York

Reed Smith LLP today announced the addition of Niket Rele as a partner in its Corporate Transactional Advisory Group in New York.

Rele was formerly a partner in the Corporate Department and Information Technology and Outsourcing Group and Chair of the India Practice at Wiggins and Dana. Prior to Wiggin, Rele was with a corporate boutique firm which he co-founded in New York City. Prior to that Rele was an attorney at Orrick, Herrington & Sutcliffe and White and Case. He also practiced at Crawford Bayley & Co in Mumbai, India. More >>

Tags:  Reed Smith LLP | New York

Davis Polk Advises Elementia, S.A.B. de C.V. on Its Ps$3.93 Billion Initial Public Offering

Davis Polk advised Elementia, S.A.B de C.V. in connection with its initial public offering of 231,150,000 ordinary shares, including 30,150,000 ordinary shares from the full exercise of the initial purchasers’ overallotment options, for an aggregate amount of Ps$3.93 billion, consisting of an offering of 186,520,000 ordinary shares to the general public in Mexico and an international offering of 44,630,000 ordinary shares outside Mexico under Rule 144A and Regulation S. The ordinary shares trade on the Mexican Stock Exchange. More >>

Tags:  Davis Polk & Wardwell LLP | New York | Sao Paulo

Steptoe Adds Commercial Litigator Charles Michael in New York

Steptoe & Johnson LLP is pleased to announce the arrival of Charles Michael as a partner in the Complex Commercial Disputes Group. Based in the firm’s New York office, Mr. Michael will primarily focus on commercial litigation matters as well as regulatory and criminal investigations.

Mr. Michael has successfully handled a wide range of commercial litigation matters. He has obtained favorable settlements and dismissals on behalf of clients accused of securities fraud, intellectual property infringement, antitrust violations, wrongful termination and breach of contract. He has represented clients bringing claims for breach of fiduciary duty, trademark infringement and professional malpractice. Mr. Michael was recently part of the trial team that obtained a complete victory after a bench trial of a $120 million suit relating to a collateralized debt obligation transaction. He also secured a preliminary injunction preserving a medical practice’s contractual option to buy the company supplying the practice’s non-medical support staff, and won an appellate decision reversing the trial court and dismissing a $200 million fraud and alter ego suit against a private equity firm. More >>

Tags:  Steptoe & Johnson PLLC | New York

Platform Specialty Products Announces Proposed Acquisition of Alent plc for Approximately $2.3 Billion

Paul, Weiss client Platform Specialty Products Corporation and Alent plc announced the terms of a recommended offer by Platform to acquire all of the issued and outstanding shares of Alent in a cash and stock transaction for approximately $2.1 billion. Including the net debt, the total transaction value is approximately $2.3 billion. The transaction will be implemented by way of a court-sanctioned scheme of arrangement under U.K. law. Platform is a global, diversified producer of high technology specialty chemical products and provider of technical services. Alent is a global supplier of specialty chemicals and engineered materials used primarily in electronics, automotive and industrial applications. More >>

Tags:  London | New York

Cooley Deepens Corporate Group with Partner Addition in New York

Cooley is further bolstering its New York corporate practice with the addition of partner Joshua Kaufman. Kaufman joins Cooley from the New York office of Skadden, Arps, Slate, Meagher & Flom LLP. As a member of the business & finance practice, he will advise on capital markets and other corporate work.

A former Lehman Brothers investment banker, Kaufman focuses his legal practice on equity and debt capital markets work, representing US and foreign private issuers as well as underwriters across a wide array of complex transactions. He also advises public companies on other significant transactions and provides counsel on matters of corporate law and governance, federal securities law, public reporting requirements and exchange regulations. More >>

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MarkWest Energy Partners’s $21 Billion Merger with MPLX‎

On July 13, 2015, MarkWest Energy Partners, L.P. and MPLX LP announced they have signed a definitive merger agreement whereby MarkWest would merge with, and become a wholly owned subsidiary of, MPLX. The combined companies are expected to have a combined market capitalization of $21 billion. Cravath is representing MarkWest in connection with this transaction.

The merger would be a unit‑for‑unit transaction, generally expected to be tax‑free, plus a one‑time cash payment to MarkWest unitholders, in which the common unitholders of MarkWest would receive 1.09 MPLX common units and a one‑time cash payment of approximately $3.37 per MarkWest common unit, for total consideration of $78.64 per MarkWest common unit, based on fully diluted units currently outstanding and the closing price of MPLX’s units on July 10, 2015. Marathon Petroleum Corporation, which is an affiliate of MPLX, is contributing the $675 million to fund the cash component of the merger consideration. More >>

Tags:  Cravath, Swaine & Moore LLP | New York

King & Spalding Expands Litigation Practice in New York

King & Spalding continues to expand its litigation practice in New York with the addition of partner Peter J. Isajiw. Isajiw concentrates his practice on complex commercial and securities litigation, as well as regulatory investigations. He joins King & Spalding from Cadwalader, Wickersham & Taft, where he was a partner. More >>

Tags:  King & Spalding LLP | New York