Shearman

Shearman & Sterling Bolsters Latin America and Capital Markets Capabilities with Return of Attorney Alejandro Gordano

Retrieved on: 
Monday, August 21, 2023
Shearman & Sterling, Project, San Francisco Bay Area, ESG, M&A, Partnership, Shearman, Capital market, Security (finance)

New York, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Shearman & Sterling today announced that Alejandro Gordano is rejoining the firm as a Capital Markets partner in its award-winning Latin America group, based in New York.

Key Points: 
  • New York, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Shearman & Sterling today announced that Alejandro Gordano is rejoining the firm as a Capital Markets partner in its award-winning Latin America group, based in New York.
  • “Alejandro is an accomplished capital markets lawyer with a keen understanding of the business and legal challenges and opportunities unique to Latin America,” said Adam Hakki, Shearman & Sterling’s Senior Partner.
  • “We’re absolutely delighted that Alejandro has decided to return to Shearman & Sterling at such an exciting time for the firm,” said partner Manuel Orillac of the Latin America group.
  • “I am very excited to return to Shearman & Sterling as a partner at such a transformational moment in the firm’s history,” said Alejandro.

Sheppard Mullin Welcomes New Chief Operating Officer Robert Brown

Retrieved on: 
Tuesday, August 15, 2023
Legal, Professional Services, Allen & Overy, Shearman & Sterling, Sheppard, Mullin, Richter & Hampton, Culture, University of Cambridge, MBA, Lawyer, University of Exeter, Retirement, Harvard Business School, Personality, Shearman, Management, Physics

Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Robert Brown has joined the firm as Chief Operating Officer (COO), following the retirement of Ted Tinson who has served as COO since 2014.

Key Points: 
  • Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Robert Brown has joined the firm as Chief Operating Officer (COO), following the retirement of Ted Tinson who has served as COO since 2014.
  • Brown was most recently Co-Executive Director and Chief Commercial Officer at Shearman & Sterling LLP where he helped to navigate its strategic merger with Allen & Overy.
  • As Co-Executive Director, Brown oversaw all aspects of firm management, including client service, financial reporting, banking relationships, revenue and expense management.
  • “I’m honored and excited to join Sheppard Mullin and be part of a firm with rich history and culture of stewardship for its clients,” Brown added.

KKR to Acquire Simon & Schuster from Paramount Global for $1.62 Billion

Retrieved on: 
Monday, August 7, 2023
Communications, Professional Services, Public Relations, Investor Relations, Finance, LLP, BMG, Shearman & Sterling, RBMedia, Paramount Global, KKR, Simpson Thacher & Bartlett, Publishing, Simon & Schuster, Investment, CFO, Growth, LionTree, Epic Games, Book, Completion, Shearman, Video game, Media, Paramount

Paramount Global (NASDAQ: PARA, PARAA) and KKR today announced the signing of a definitive agreement pursuant to which KKR will acquire Simon & Schuster for $1.62 billion in an all-cash transaction.

Key Points: 
  • Paramount Global (NASDAQ: PARA, PARAA) and KKR today announced the signing of a definitive agreement pursuant to which KKR will acquire Simon & Schuster for $1.62 billion in an all-cash transaction.
  • "We are pleased to have reached an agreement on a transaction that delivers excellent value to Paramount shareholders while also positioning Simon & Schuster for its next phase of growth with KKR,” said Bob Bakish, President and CEO of Paramount Global.
  • “Simon & Schuster’s nearly 100-year history is a testament to the enduring value of creative expression through the written and spoken word.
  • KKR is making its investment in Simon & Schuster primarily through its North America Fund XIII and has secured fully committed financing for the transaction.

Lazard Ltd Reports Second-Quarter and First-Half 2023 Results

Retrieved on: 
Thursday, July 27, 2023
Asset Management, Professional Services, Finance, Hydrogen, Allen & Overy, Shearman & Sterling, Asset management, Xylem, Ocean governance, EDF, Travel, Service provider, Bed Bath & Beyond, Medicine, Share repurchase, Tax, Borealis, GAAP, Technicolor Creative Studios, Sale, Lone Star, AUM, Endo International, Madison Dearborn Partners, Acquisition, PAI Partners, Lazard, SVB, Venator, Oak Street Health, Marshal of France, CVS Health, Insight, Silicon, Conference, Shearman, National CineMedia, Beauty salon, Financial services, Video game, Pharmaceutical industry, Security (finance), Cryptocurrency, Insurance, NIPSCO, Newcrest Mining, David Heska Wanbli Weiden, Naftogaz

For the second quarter of 2023, Financial Advisory operating revenue was $344 million, 15% lower than the second quarter of 2022.

Key Points: 
  • For the second quarter of 2023, Financial Advisory operating revenue was $344 million, 15% lower than the second quarter of 2022.
  • For a list of publicly announced Financial Advisory transactions on which Lazard advised in the second quarter of 2023, or continued to advise or completed since June 30, 2023, please visit our website at www.lazard.com/financial-advisory/transactions/ .
  • AUM as of June 30, 2023, was $239 billion, 3% higher than March 31, 2023, and 10% higher than June 30, 2022.
  • ET on July 27, 2023, to discuss the company’s financial results for the second quarter of 2023 and first half of 2023.

Steering Committee of Ad Hoc Term Loan Lenders and BYJU’S Agree to Complete Loan Amendment by August 3, 2023

Retrieved on: 
Monday, July 24, 2023
Professional Services, Finance, Acceleration, LLP, Amendment, Shearman & Sterling, Kirkland & Ellis, Shearman, Security (finance)

The steering committee (the “SteerCo”) of ad hoc term loan lenders, who collectively own more than 85% of BYJU’S $1.2 billion term loan, today announced that it and BYJU’S have agreed to work collaboratively toward a signed and completed term loan amendment (the “Amendment”) prior to August 3, 2023.

Key Points: 
  • The steering committee (the “SteerCo”) of ad hoc term loan lenders, who collectively own more than 85% of BYJU’S $1.2 billion term loan, today announced that it and BYJU’S have agreed to work collaboratively toward a signed and completed term loan amendment (the “Amendment”) prior to August 3, 2023.
  • Successful execution of the Amendment would immediately solve for the loan’s acceleration and end all open litigation while avoiding further enforcement actions.
  • SteerCo issued the following statement regarding the agreed upon timeline:
    “We are pleased to make progress with BYJU’S toward a completed loan amendment.
  • This announcement is consistent with our stated goal of working constructively with BYJU’S management to protect the value of the franchise.

Heritage-Crystal Clean, Inc. to be Acquired by J.F. Lehman & Company for $1.2 Billion

Retrieved on: 
Wednesday, July 19, 2023
Other Energy, Oil, Gas, Environment, Other Manufacturing, Energy, Engineering, Green Technology, Manufacturing, Cherokee heritage groups, HSR, Beneficial ownership, Partnership, Hart–Scott–Rodino Antitrust Improvements Act, Shearman & Sterling, Heritage, Stifel, CRYSTAL, McDermott Will & Emery, William Blair & Company, EVP, ABLE, Disclosure, Crystal, Sale, Running, Jefferies Group, Acquisition, Annual general meeting, CFO, Security (finance), Sumitomo Mitsui Banking Corporation, Shearman, Management, Cryptocurrency

Lehman & Company (“JFLCO”), a leading private equity investment firm focused on the aerospace, defense, maritime and environmental sectors, in an all-cash transaction that values Crystal Clean at approximately $1.2 billion.

Key Points: 
  • Lehman & Company (“JFLCO”), a leading private equity investment firm focused on the aerospace, defense, maritime and environmental sectors, in an all-cash transaction that values Crystal Clean at approximately $1.2 billion.
  • Under the terms of the merger agreement, JFLCO will acquire all the outstanding shares of Crystal Clean for $45.50 per share in cash.
  • “This partnership underscores our confidence in Crystal Clean’s business, vision and reputation as a trusted provider for a diversified, blue-chip customer base.
  • This release may be deemed to be solicitation material in respect of the proposed acquisition of Crystal Clean by JFLCO.

Mastercard Names Rob Beard Chief Legal Officer, General Counsel and Head of Global Policy

Retrieved on: 
Monday, July 17, 2023
Professional Services, Payments, Technology, Finance, Networks, Banking, CHIPS, Shearman & Sterling, Intellectual property, General counsel, University, Policy, Weil, Gotshal & Manges, Micrometre, Public policy, Negotiation, Micron Technology, Silicon, University of Illinois College of Law, Illinois College, Corporation, Ethics, Shearman, Mastercard

Mastercard today announced the appointment of Rob Beard as Chief Legal Officer, General Counsel and Head of Global Policy.

Key Points: 
  • Mastercard today announced the appointment of Rob Beard as Chief Legal Officer, General Counsel and Head of Global Policy.
  • He will oversee the company’s legal, public policy, regulatory affairs, and litigation teams around the world, reporting to Tim Murphy, Chief Administrative Officer.
  • “Rob will play a key role as we continue to deliver on our strategy,” said Murphy.
  • He was the General Counsel and Corporate Secretary, leading its global legal, intellectual property, and ethics and compliance functions, and guiding the company’s growth through an increasingly complex geopolitical environment.

Guggenheim Securities Hires John Plaster to Expand Power, Utilities & Renewables Investment Banking Practice

Retrieved on: 
Wednesday, June 28, 2023
Vanderbilt University Law School, Senior, Lehman Brothers, Head, Wabash College, Guggenheim Partners, Edison Electric Institute, Coif, Shearman, Barclays, Cryptocurrency, Guggenheim, Economics

NEW YORK, June 28, 2023 (GLOBE NEWSWIRE) -- Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners announced today that John Plaster will join the firm as a Senior Managing Director.

Key Points: 
  • NEW YORK, June 28, 2023 (GLOBE NEWSWIRE) -- Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners announced today that John Plaster will join the firm as a Senior Managing Director.
  • Mr. Plaster will commence work at Guggenheim in September and will lead the firm’s Power, Utilities & Renewables investment banking practice together with Senior Managing Director Jim Schaefer.
  • “We are excited to welcome John to Guggenheim,” said Mark Van Lith, CEO of Guggenheim Securities.
  • He most recently served as Head of Power & Utilities Investment Banking for the Americas at Barclays.

Court Approves VICE Media Group Purchase Agreement by Lenders

Retrieved on: 
Friday, June 23, 2023
Dark, ESPN, LLP, Advertising, Bankruptcy, Media Group, Stretto, Journalism, Shearman & Sterling, Consortium, Fortification, Gangs of London, Peabody, PJT Partners, Partner, APA, Dark side, Fortress Investment Group, Vice Media, LionTree, Generation Z, Target, Coke, AlixPartners, Rock, Edmonton Investors Group, HBO Max, Collection, Comedy, Shearman, Commerce, Court, United States bankruptcy court, Gibson Dunn, VICE, Tell Me Lies, Soros Fund Management, Netflix, American Gladiators, News, Hulu

BROOKLYN, N.Y., June 23, 2023  /PRNewswire/ -- VICE Media Group today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has approved the previously announced asset purchase agreement ("APA") with a consortium of its lenders (the "Investor Group"). The Investor Group includes Fortress Investment Group, Soros Fund Management and Monroe Capital. Pursuant to the APA, which has been amended, the Investor Group has agreed to provide total purchase consideration of approximately $350 million in the form of a credit bid for substantially all of the Company's assets, in addition to the assumption of significant liabilities upon closing.

Key Points: 
  • Acquisition by Consortium including Fortress Investment Group, Soros Fund Management and Monroe Capital Paves Way for VICE to Continue Serving Audiences, Brands and Partners with Award-Winning Content
    BROOKLYN, N.Y., June 23, 2023 /PRNewswire/ -- VICE Media Group today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has approved the previously announced asset purchase agreement ("APA") with a consortium of its lenders (the "Investor Group").
  • The Investor Group includes Fortress Investment Group, Soros Fund Management and Monroe Capital.
  • "Following a robust court-supervised process, we are pleased to receive Court approval for this transaction, which we believe represents the best path forward for VICE.
  • VICE Media Group is a global multi-platform media company with a global reach of over 400 million people.

Celanese and Mitsui Sign Definitive Agreement to Form Nutrinova, a Food Ingredients Joint Venture

Retrieved on: 
Friday, June 23, 2023
Retail, Chemicals, Plastics, Manufacturing, Food, Beverage, Nutrinova, CE, Mitsui, Partnership, Shearman & Sterling, BofA Securities, Shearman, Corporation, Acetyl group, Potassium, NYSE, Sorbic acid, Fine chemical, Celanese

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Mitsui & Co., Ltd. today announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Mitsui & Co., Ltd. today announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova.
  • Celanese will contribute the assets, technology and employees of its Food Ingredients business while retaining a 30 percent stake in the joint venture.
  • The agreement combines the technology, product portfolio and backward integration of the Celanese Food Ingredients business with Mitsui’s long-standing positions across the food value chain in Asia and other regions.
  • The Celanese Food Ingredients business is a leading producer of acesulfame potassium (Ace-K) sweetener as well as sorbic acid and potassium sorbate preservatives.