Shearman & Sterling

A&O Shearman Merger Continues to Progress as Partners Prepare to Vote

Retrieved on: 
Monday, September 18, 2023
Allen & Overy, Shearman & Sterling, Allen, Partnership, Retirement, Lawyer, Shearman, Retail

New York, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Allen & Overy and Shearman & Sterling continue to make great progress toward creating the unparalleled and fully integrated global elite law firm, A&O Shearman.

Key Points: 
  • New York, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Allen & Overy and Shearman & Sterling continue to make great progress toward creating the unparalleled and fully integrated global elite law firm, A&O Shearman.
  • All transaction milestones have been met thus far and support for the combination among clients, partners, and colleagues has been overwhelmingly positive worldwide.
  • A&O Shearman will be the only global firm with U.S. law, English law, and local law capabilities in equal measure.
  • The proposed merger is subject to customary closing conditions, including a vote of the partners of each of the respective firms.

Rohan S. Weerasinghe Rejoins Shearman & Sterling

Retrieved on: 
Tuesday, September 5, 2023
Shearman & Sterling, Senior counsel, Private practice, Harvard College, Harvard Law School, Partnership, Harvard Business School, Shearman, Citigroup, Counsel

New York, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Global law firm Shearman & Sterling today announces that Rohan S. Weerasinghe has rejoined the firm as Of Counsel, based in New York, with a focus on client relationship development and counseling clients at the highest levels.

Key Points: 
  • New York, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Global law firm Shearman & Sterling today announces that Rohan S. Weerasinghe has rejoined the firm as Of Counsel, based in New York, with a focus on client relationship development and counseling clients at the highest levels.
  • Prior to his time at Citi, Rohan led Shearman & Sterling as its Senior Partner, having spent nearly 35 years at the firm as a market-leading capital markets and corporate governance lawyer.
  • Adam Hakki, Shearman & Sterling’s Senior Partner said: “We are delighted that Rohan is returning to Shearman & Sterling.
  • I am very proud to have spent the first 35 years of my career at Shearman & Sterling.

TPG Appoints Anilu Vazquez-Ubarri as Chief Operating Officer

Retrieved on: 
Tuesday, September 5, 2023
Banking, Asset Management, Professional Services, Finance, Human resources, IPO, Partnership, Problem solving, Shearman & Sterling, Justice, Vera Institute of Justice, Culture, Greenhouse Software, Ainalu, Charter School Growth Fund, Goldman Sachs, Acquisition, Partner, Growth, Executive compensation, Shearman, Management, TPG, Talent

TPG (NASDAQ: TPG), a global alternative asset management firm, announced that effective today, Partner and Board Member Anilu Vazquez-Ubarri has been named Chief Operating Officer of the firm.

Key Points: 
  • TPG (NASDAQ: TPG), a global alternative asset management firm, announced that effective today, Partner and Board Member Anilu Vazquez-Ubarri has been named Chief Operating Officer of the firm.
  • Anilu has been at the forefront of several milestones at the firm, including our IPO in 2022 and our recent acquisition of Angelo Gordon.
  • “Since joining the firm in 2015, Ken has been instrumental in developing our infrastructure and expanding our operating capabilities.
  • We thank him for his leadership, partnership, and significant contributions over many years.”
    Vazquez-Ubarri joined TPG in 2018 and most recently served as Partner and Chief Human Resources Officer of the firm.

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.