Paul Hastings Continues Leveraged Finance Expansion with Addition of Another Prominent Partner

Paul Hastings LLP, a leading global law firm, announced today that Michael Baker has joined the Leveraged Finance practice in New York. Mr. Baker, previously with Shearman & Sterling LLP, is a prominent leveraged finance lawyer with extensive bank lending experience. His arrival follows the addition of leveraged finance partners Michael Michetti and Rich Farley, who joined in July and June, respectively.

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Tags:  Paul Hastings, LLP | New York

Leading ERISA Lawyer, Jeffrey Crandall, Joins Davis Polk

Davis Polk & Wardwell LLP today announced that Jeffrey P. Crandall, a leading ERISA lawyer, is joining the firm in New York as a partner in its Executive Compensation and Employee Benefits practice. The addition of Mr. Crandall provides Davis Polk with another seasoned expert with deep experience in executive compensation and employee benefits, both in the transactional context and in day-to-day matters involving the design, implementation and disclosure of senior executive compensation and benefit arrangements. Mr. Crandall also has particular expertise in compensation and ERISA matters relating to financial institution, private equity and hedge fund clients. He has extensive experience in structuring carry plans and other forms of manager and investment professional participation in private funds and in the ERISA aspects of the investment and management of pension plan assets under private funds and various other products and arrangements.

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Tags:  Davis Polk & Wardwell LLP | New York

Chadbourne Represents CoaLogix Inc. in U.S. Clean Tech M&A Deal

Chadbourne & Parke LLP is representing CoaLogix Inc. in connection with the sale of the company for $101 million. The sale, announced on July 29th, was to funds managed by Energy Capital Partners, a U.S.-based private equity firm focused on the energy infrastructure industry.

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Tags:  New York

Paul, Weiss Advises Emdeon in $3 Billion Blackstone LBO

In its biggest leveraged buyout (LBO) since 2009, Blackstone Capital Partners VI L.P., has entered into a definitive merger agreement with Paul, Weiss client Emdeon, a publicly traded medical billing provider, for approximately $3 billion. Blackstone will acquire a controlling interest in Emdeon, taking the company private.The transaction was noted today in The New York Times “Dealbook.”

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Tags:  Paul, Weiss, Rifkind, Wharton & Garrison LLP | New York

Duval & Stachenfeld Represents Angelo, Gordon & Co. and Metropolitan Realty Associates in Sale of Long Island Commercial Complex

Duval & Stachenfeld LLP represented a co-venture of Angelo, Gordon & Co. (an alternative investment manager, with approximately $23 billion under management) and Long Island based Metropolitan Realty Associates (owned by Joseph Farkas) in the sale of a commercial complex located at 1000 Stewart Avenue and 500 Endo Boulevard in Garden City.  The transaction marks one of the largest commercial real estate closings on Long Island so far this year.

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Tags:  New York

Shearman & Sterling Obtains Bankruptcy Court Approval for $7 Billion GSC Group Asset Sale

Shearman & Sterling recently obtained Bankruptcy Court approval for a sale of $7 billion in investment assets of money manager GSC Group, Inc. and its affiliates. GSC manages assets in the United States and Europe but filed for chapter 11 protection in early 2010 when it was unable to refinance its debt following the global financial crisis. Shearman & Sterling partner James L. Garrity, Jr. was appointed as Chapter 11 Trustee in January of 2011 in the wake of an aborted sale process that broke down amidst accusations concerning breaches of fiduciary duties and conflicts of interest among GSC’s senior management.

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Tags:  Shearman & Sterling LLP | New York