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Investment banks, which faced significant losses on risky merger and acquisition (M&A) loans due to a spike in global interest rates, are now aggressively returning to the leveragedbuyout (LBO) market — one of the most profitable sectors in finance, according to a report by Bloomberg.
Global lawfirm Goodwin has appointed Ian Keefe and George Weavil as Partners within the firm’s private equity practice in its London office, which covers M&A, private investment funds and debt finance.
Global lawfirm Paul Hastings has added Alexander Temel as a Partner and Global Co-Chair of its private equity practice. In his new role, Temel will serve as a founding member of the firm’s new Boston office.
International lawfirm McDermott Will & Emery has appointed Fatema Orjela as a partner in the firm’s transactions practice group in London. Ordeal’s practice focuses on private equity transactions and related advisory matters. Orjela provides strategic counsel to European and US private equity sponsors.
Lawfirm Jackson Walker has hired Patrick H Rose, IV as Partner in the corporate & securities practice group in its Dallas office. Rose most recently served as Partner at US lawfirm BakerHostetler.
Scrivani was most recently a partner at international lawfirm Paul, Weiss, Rifkind, Wharton & Garrison. Scrivani advises private equity firms and public and private clients on leveragedbuyouts and other private equity transactions, public company acquisitions, sales and divestitures and mergers of equals.
Global lawfirm White & Case is expanding its global debt finance practice and has appointed Lauren Winter, who has joined from Shearman & Sterling where she was Counsel, as a Partner in London. White & Case has dedicated bank lending, private credit & direct lending and borrower finance teams.
Global lawfirm Ropes & Gray has named 12 of its existing attorneys as the firm’s latest Partners, effective 1 November, including several whose practices cater for private equity and other private credit and private fund clients. She brings a deep understanding of technology and consumer brands.
And what was interesting was the first leveragedbuyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveragedbuyout of a public company. We had sold the family business, maybe buy another family business one day through a leveragedbuyout. RITHOLTZ: Right.
International lawfirm Milbank has continued the expansion of its private equity capabilities with the appointment of Evan Roberts as a Partner in the firm’s Global Corporate/M&A Group based in its Los Angeles office.
One, two, there was a theory that these businesses had volatile cash flows and therefore couldn’t be leveraged, which was the, you know, the whole point of leveragedbuyouts. If you didn’t understand how the semiconductor worked, if you didn’t understand how the software was built.
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