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Debevoise & Plimpton LLP

919 THIRD AVENUE, NEW YORK, NY 10022, USA
Tel:
Work +1 212 909 6000
Fax:
Fax +1 212 909 6836
Email:
Web:
www.debevoise.com

Gregory Gooding

Tel:
Work 212 909 6870
Email:
Debevoise & Plimpton LLP

Work Department

Mergers & Acquisitions, Private Equity, Financial Institutions, Asset Management


Latin America: International firms

Corporate and M&A

Within: Corporate and M&A

Debevoise & Plimpton LLP has made an impression in deals involving distressed assets and in transactions involving strong compliance concerns; the firm’s prominent white-collar crime practice has provided pivotal advice on a number of deals. The firm has also worked on a series of deals for Latin American family offices, notably a number of outbound acquisitions in the US and Europe. Financial services (including insurance), telecoms and media are key industry sectors for a Latin America practice that is increasingly active in representing private equity funds in regional transactions. Brazil is a major jurisdiction for the team, with Argentina and Colombia also featuring strongly. Clients include AIG, Ambev, Axa, Brookfield Asset Management, Companhia Brasileira de Metalurgia e Mineração, Gávea Investimentos, Organizações Globo, Prudential Financial and Vinci Partners. Recent matters include advising Ambev on its acquisition of a 30% interest in leading Caribbean brewer, Cervecería Nacional Dominicana, and the restructuring of its joint venture with E. León Jimenes. It also represented Brookfield Asset Management on its $768m acquisition (along with institutional partners) of a 70% controlling stake in the core water, wastewater and industrial water treatment business of Odebrecht Ambiental. The practice is commended for its expertise in ‘corporate insurance deals’, is ‘highly responsive’ and provides a ‘very high level of service’ as well as having ‘excellent industry knowledge and experience’. For at least one client, it is the ‘go-to firm for Latin America deals by a long mile’. Colombian born partner David Grosgoldhas a great depth and breadth of experience in corporate insurance matters in Latin America’, is ‘one of the few true corporate insurance experts in the field’ and ‘is always a pleasure to work with’. Head of the Latin America group Maurizio Levi-Minzi is another key M&A player who has significant experience in the region, as do Michael Gillespie and Gregory Gooding. Corporate insurance expert John Vasilyreally gets what is commercially important to his clients’; with deep experience in Latin America, he is ‘a very impressive lawyer at the top of his game’ and ‘is proactive in getting his team to deliver what is needed’.

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)

Within: M&A: large deals ($1bn+)

Debevoise & Plimpton LLP has a relatively compact M&A department compared to some of its competitors, yet it maintains an impressive market share of headline and complex deals. The firm has a particularly strong profile in certain industry segments, notably technology, telecoms, media, healthcare, financial services and private equity. Its longstanding private equity expertise has helped it bring innovative forms of deal technology to the strategic M&A segment and align itself with novel forms of financing. In 2017, the firm made a big splash in the media sector, advising Tribune Media on its $6.6bn sale to Sinclair Broadcast Group and Time Inc on its $2.8bn sale to Meredith Corporation. Moreover, the firm advised Discovery Communications on its $14.6bn acquisition of Scripps Networks Interactive and Verizon Communications on its $3.1bn all-stock acquisition of Straight Path Communications, beating off AT&T in an especially intense bidding war. The firm continues to represent biopharmaceutical giant Allergan on a regular basis, and advised it on its $2.47bn acquisition of medical technology company Zeltiq. The ‘great team’ has ‘broad expertise from deal strategy to SEC/regulatory, board advice and tax’. The department is ‘very collegial’, ‘always accessible’ and ‘worth every penny’. The firm is recommended for ‘more complex and public company M&A deals’ and clients believe that it provides ‘a leg up over counterparties in deals’ and ‘is more user-friendly than others’. Chair of the corporate department, Jeffrey Rosen is ‘strong on big, complex deal negotiations and on tax-related matters’. Paul Bird straddles strategic M&A and private equity buyouts, is ‘a trusted voice at board meetings’ and is ‘always thoughtful and calm under pressure’. Co-head of the M&A group William Regner is a ‘phenomenal lawyer’, is ‘business savvy and practical’, ‘relates well to C-suite and board members’ and ‘gives highly sophisticated advice in a way that is easy to understand and act on’. Fellow co-head of the M&A group Gregory Gooding is a leader in financial services deals. Technology, telecoms and media expert and regular adviser to Verizon Michael Diz is ‘good on M&A and complex negotiations’. Andrew Bab and Kevin Rinker are noted for healthcare deals, with the latter also recognized for private equity buyouts expertise. Jonathan Levitsky is active in the media sector and was the lead partner on the previously mentioned Discovery Communications transaction.

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Legal Developments by:
Debevoise & Plimpton LLP

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