Senior State Department Official Jose W. Fernandez Joins Gibson Dunn in New York

Gibson, Dunn & Crutcher LLP is pleased to announce that Jose W.  Fernandez, the former Assistant Secretary of State for Economic, Energy and Business Affairs, has joined the firm as a partner in the New York office.  During his tenure, Fernandez led the bureau that was responsible for overseeing all aspects of the State Department’s commercial diplomacy worldwide.  At Gibson Dunn, he will focus his practice on mergers and acquisitions and finance in emerging markets in Latin America, the Middle East, Africa and Asia.“Throughout his career in private practice, Jose focused on M&A and finance, including project finance, privatizations and restructurings, primarily in Latin America and Africa,” said Ken Doran, Chairman and Managing Partner of Gibson Dunn.  “And during his tenure with the State Department, Jose further deepened and broadened his emerging markets experience to Europe, Asia and the MENA region.  He also gained substantial experience in important areas of U.S. law that are critical to major global clients, including trade sanctions and CFIUS, which will complement our existing regulatory expertise and enable us to deliver a more comprehensive compliance package to our clients throughout the world.”

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Tags:  Gibson, Dunn & Crutcher LLP | New York

Cravath – Financing for Acquisition of the Neiman Marcus Group

Cravath represented the initial purchasers, led by Credit Suisse, RBC Capital Markets, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley, in connection with the US$1.6 billion 144A/Reg. S high-yield senior debt and senior payment-in-kind (PIK) “toggle” debt offering of Mariposa Borrower, Inc. and Mariposa Merger Sub LLC, issuers controlled by Ares Management and the Canadian Pension Plan Investment Board. Cravath also represented the lead arrangers, led by Credit Suisse, RBC Capital Markets, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley, of a $2.9 billion term loan to Mariposa Merger Sub LLC. The financing was in connection with the acquisition of Neiman Marcus Group LTD Inc., one of the largest luxury, multi-branded, fashion retailers in the world. Cravath previously represented Credit Suisse as joint lead arranger of committed financing in connection with the acquisition. The transaction was completed on October 25, 2013.

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Tags:  Cravath, Swaine & Moore LLP | New York

Holland & Knight Welcomes New Partner to Financial Services Practice Group

Holland & Knight is enhancing its Latin America and Financial Services practice groups in New York with the addition of partner Stephen Double. Mr. Double represents investment banks, financial institutions and corporations worldwide in connection with capital markets, lending, securitizations and other finance transactions, with a primary focus on Brazil and Latin America.

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Paul Hastings Advises on the Financing for the Partial Acquisition of Syncreon Ireland B.V. by Centerbridge

Paul Hastings LLP, a leading global law firm, announced today that it advised Morgan Stanley, Goldman Sachs and UBS Investment Bank in connection with the financing of the acquisition by private equity firm Centerbridge Partners, L.P. of a 40% interest in, and the related recapitalization of, syncreon Ireland B.V., a specialized provider of integrated logistics services to global industries, which, following the consummation of such transactions, will be indirectly controlled by a fund affiliated with GenNx360 Capital Partners, L.P., investment funds sponsored by Centerbridge and certain other investors.

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Davis Polk Advises Arrangers on McKesson’s $5.5 Billion Bridge Facility

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs Bank USA as joint bookrunners and joint lead arrangers and Bank of America, N.A. as administrative agent, in connection with a $5.5 billion senior bridge term loan credit facility for McKesson Corporation. The financing is being provided on a “funds certain” basis in accordance with German takeover rules to support McKesson’s takeover offer for Celesio AG.

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Tags:  Davis Polk & Wardwell LLP | New York

Cravath – HAECO’s Acquisition of TIMCO Aviation Services, Inc.

On October 23, 2013, Hong Kong Aircraft Engineering Company Limited (“HAECO”) announced that it has entered into a conditional stock purchase agreement for the acquisition of TIMCO Aviation Services, Inc. (“TIMCO”) for cash consideration of US$388.8 million, subject to closing adjustments. Cravath represented HAECO in connection with this transaction. TIMCO is a U.S.‑based provider of aircraft maintenance, repair and other services. The acquisition is expected to be completed in the first quarter of 2014, subject to satisfaction of the conditions contained in the stock purchase agreement.

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Tags:  Cravath, Swaine & Moore LLP | New York