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Latham & Watkins LLP

885 THIRD AVENUE, NEW YORK, NY 10022-4834, USA
Tel:
Work +1 212 906 1200
Fax:
Fax +1 212 751 4864
Email:
Web:
www.lw.com

Marc Jaffe

Tel:
Work 2129061281
Email:
Web:
www.lw.com
Latham & Watkins LLP

Work Department

Marc Jaffe is a partner in the New York office of Latham & Watkins. Mr. Jaffe is the global Chair of the Corporate Department and former global Co-chair of the firm’s Capital Markets Practice. His practice centers on corporate finance and general securities and corporate matters. His clients include US and foreign investment banks, New York Stock Exchange and Nasdaq-listed companies, non-US corporations, private equity funds and mezzanine investment funds.

Position

Corporate Partner

Career

http://www.lw.com/people/marc-jaffe


United States: Finance

Capital markets: debt

Within: Leading lawyers

Marc Jaffe - Latham & Watkins LLP

Within: Capital markets: debt

Latham & Watkins LLP’s ‘extremely broad sector coverage’ and ‘very deep bench’ translates into a comprehensive national debt practice, which packs a punch in both issuer and underwriter mandates. The global corporate group is chaired by Marc Jaffe, who is widely revered as ‘the go-to specialist for capital markets’. New York-based Jaffe acted alongside Erika Weinberg, also based in New York, to advise JP Morgan, as lead underwriter, on Teleflex’s $500m senior notes offering. On the issuer side, New York’s Senet Bischoff assisted Mattel with its $1bn issuance of senior notes and its subsequent $500m tack-on offering. In Washington DC, Patrick Shannon and Leakhena Mom advised Novolex, a portfolio company of the Carlyle Group, on its $500m private placement of notes to support its acquisition of Waddington Group. New York partners Michael Benjamin and Stelios Saffos, and Washington DC-based Jason Licht are also noted for debt matters. Counsel Jason Ewart joined in New York from Paul Hastings LLP.

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Capital markets: equity offerings

Within: Leading lawyers

Marc Jaffe - Latham & Watkins LLP

Within: Capital markets: equity offerings

The ‘standout tier-one practice’ at Latham & Watkins LLP really ‘covers the waterfront for capital markets deals’, according to sources. Widely recognized for its ‘spectacular senior partners’ and ‘collaborative style’, the team had a banner year, which saw it rank among the top two firms for US equity offerings by deal value for both issuers and managers. The technology sector, in line with market trends, was a primary source of instructions over the past year, but the diverse group also secured high-profile mandates relating to the life sciences and retail industries. Among its recent headlines, global corporate chair Marc Jaffe, held up as ‘the go-to specialist in the capital markets space’, teamed up with Gregory Rodgers and Benjamin Cohen to advise Spotify Technology on its groundbreaking direct listing on the NYSE. Jaffe also acted alongside global capital markets co-chair Ian Schuman (‘an immense deal-maker’) and the London office to assist Farfetch with its $1bn IPO and private placement. On the manager side, Washington DC-based Rachel Sheridan advised Morgan Stanley and JP Morgan as underwriters on Carbon Black’s $174.8m IPO. The group also includes Michael Benjamin and Senet Bischoff and up-and-coming partner Nathan Ajiashvili. Named partners are based in New York, unless otherwise stated.

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Capital markets: global offerings

Within: Capital markets: global offerings

Among the best worldwide for capital markets’, Latham & Watkins LLP is also credited as ‘one of the top three firms in the technology space’ and as ‘a leader in equity transactions’. Indeed, peers comment that they ‘see this group everywhere’, due in no small part to its sizeable global network, which includes platforms across 14 countries. The group’s premier high-yield debt practice and ‘great balance between issuer and manager representations’ are other notable characteristics. An impressive equity performance during 2018 saw the firm earn top roles on a run of major IPOs. Most notably, Sweden-headquartered Spotify Technology turned to the team for its groundbreaking direct listing on the NYSE; the deal, which valued the company at $26.5bn, was led by widely revered global corporate chair Marc Jaffe (‘an institution’; ‘truly tremendous’) alongside Gregory Rodgers and Benjamin Cohen, all of whom are based in New York. In another technology highlight, Jaffe and New York-based global capital markets co-chair Ian Schuman (‘great in both debt and equity capital markets’), with support from the London office, advised UK-based Farfetch on its $1bn IPO. Jaffe and Schuman paired up again to advise the underwriters on Canada Goose’s $624.2m secondary offering. On the debt front, Washington DC-based partners Jason Licht and Shagufa Hossain assisted Shandong Ruyi Technology Group with its $1bn notes offering. The group also includes ’extremely strong’ global capital markets co-chair Witold Balaban, who is based between New York and London.

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Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Latham & Watkins LLP’s ‘first-class group’ strikes an enviable balance between issuer and underwriter representations, with clients and peers alike asserting it is ‘one of the most well-rounded practices in the market’. The team, which is noted for its ‘broad sector focus’ and ‘extremely deep bench’, ranked among the top two firms by total deal value for both issuer and manager-side high-yield corporate bond offerings during 2018. Global corporate chair Marc Jaffe is ‘an institution in the capital markets space’ and recently paired up with ‘excellentIan Schuman to advise Jefferies on Nathan’s Famous’ $150m senior notes offering. Houston-based David Miller is ‘a very productive counterparty’ and, together with Houston’s Michael Chambers, advised Goldman Sachs on Endeavor Energy Resource’s $800m cash tender offer and also on its new issuance of $1bn worth of notes. On the issuer side, Houston’s Debbie Yee advised Sunoco on its $2.2bn notes offering, while Century City’s Steven Stokdyk advised Churchill Downs on its $500m senior notes offering. The group also benefits from the senior experience of Michael Benjamin (‘a great all-around lawyer’), Washington DC-based Patrick Shannon and Senet Bischoff. Named lawyers are based in New York, unless otherwise stated.

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