Summary Law firms Latham team set up financing for$2 billion acquisition of Rolls-Royce Spanish unit by Bain Capital Departing Latham attorneys include international financing co-chair, London finance leaders(Reuters )-Paul Hastings has added four London-based partners from Latham & Watkins, the firm said Monday,
causing the group that assisted organize funding for Bain Capital Private Equity’s$2 billion (1.7 billion euros) acquisition of Rolls-Royce’s Spanish unit ITP Aero last year.< p data-testid ="paragraph-1" class="text
__ text __ 1FZLe text __ dark-grey __ 3Ml43 text __ regular __ 2N1Xr text __ large __ nEccO body __ base __ 22dCE body __ large_body __ FV5_X article-body __ component __ 2p5pI”> The brand-new Paul Hastings arrivals include Ross Anderson, who was a co-chair of Latham’s international banking practice,&and Mo Nurmohamed and Karan Chopra, who were both leaders of Latham
‘s finance department in London. Joining is Robert Davidson, who became a partner at Latham previously this year.< p data-testid ="paragraph-2" class= "text __ text __ 1FZLe text __ dark-grey __ 3Ml43 text __ routine __ 2N1Xr text __ big __ nEccO body __ base __ 22dCE body __ large_body __ FV5_X article-body __
element __ 2p5pI “> Paul Hastings has named Nurmohamed a co-chair of its global financing practice. Register now for FREE unrestricted access to Reuters.com
Register The team’s other previous matters include arranging financing for Blackstone’s acquisition of global building products distributor Grafton Group plc’s British standard merchanting business for $ 718 million (520 million pounds) in 2015, Paul Hastings said. Representatives for Latham did not immediately react to an ask for talk about the departures.
This is the second time in as numerous months Paul Hastings has poached a transactional lead from a competing firm. Last month, the company included Eduardo Gallardo from Gibson, Dunn & Crutcher, where he was worldwide M&A co-chair. Paul Hastings stated it has seen”extraordinary momentum” in its London office, which saw a 41 % boost in income in 2015. A representative for the company did not right away respond to a request for comment.
The relocations come as global M&A activity has slowed after Russia’s invasion of Ukraine in February and growing fears of an upcoming economic recession. Global M&A activity dropped 21 % in the first half of 2022 compared to a year ago, Refinitiv information revealed.
Read more:
Sullivan & Cromwell leads first-half M&A in slower 2022 for firm dealmakers Paul Hastings continues NY development with Gibson Dunn M&A co-chair
Rolls-Royce skyrockets after striking disposal target with $ 2 bln ITP sale< a data-testid="Link" href =” https://www.reuters.com/article/us-grafton-divestiture/grafton-to-sell-traditional-merchanting-business-in-britain-for-718-million-idUSKCN2E73KM “target=
“_ blank”class=”text __ text __ 1FZLe text __ dark-grey __ 3Ml43 text __ medium __ 1kbOh text __ large __ nEccO link __ underline_default __ 2prE _”> Grafton to sell standard merchanting service in Britain for $ 718 million
Register now totally free unrestricted access to Reuters.com Register Our Standards: The Thomson Reuters Trust Principles. David Thomas Thomson Reuters David Thomas reports on business of law, consisting of law office technique, working with, mergers and litigation. He is based out of Chicago. He can be reached at [email protected] and on Twitter @DaveThomas5150.
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