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Latham & Watkins LLP

Witold Balaban

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Latham & Watkins LLP

Position

Witold Balaban is a partner in the New York office of Latham & Watkins. Mr. Balaban is global Co-chair of the firm's Capital Markets Practice and the firm's Financial Institutions Industry Group, and is a member of the Corporate Department and Derivatives Practice. He focuses in particular on equity derivatives and equity-linked products, including convertible and exchangeable bond offerings (both optional and mandatory) and related equity derivatives products (such as call spread overlays and issuer or affiliate borrow facilities), fixed and variable share forward sales and related equity offerings, issuer share repurchase transactions, hedging and monetization transactions (including equity-based finance transactions) and structured products distributed publicly and privately.


United States: Finance

Capital markets: equity offerings

Within: Capital markets: equity offerings

Latham & Watkins LLP is widely lauded as ‘a benchmark for capital markets’ and its ability to garner a constant supply of top-flight deals - from both issuers and managers - confirms its position as a market leader. According to sources, New York-based global corporate chair Marc Jaffe is ‘head and shoulders above the rest’. Jaffe led many of the group’s most high-profile recent deals, including assisting Goldman Sachs with Canada Goose’s C$340m dual-listed IPO on the NYSE and the Toronto Stock Exchange and its $259m follow-on offering - New York-based Ian Schuman and Boston’s John Chory co-led the IPO advice. In another bank-side headline, Washington DC-based Rachel Sheridan acted for Bank of America Merrill Lynch as underwriter on Emerald Expositions Events’ $303m IPO. Among its work for issuers, Jaffe and Schuman advised Camping World on its $249m IPO and $303m common stock offering. The group also includes global capital markets co-chairs Witold Balaban in New York and Chicago-based Cathy Birkeland. Wenchi Hu joined the New York office in 2017 from the SEC.

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Capital markets: global offerings

Within: Capital markets: global offerings

Responsive, commercial and practicalLatham & Watkins LLP stands out for its ‘deep global bench’ and ‘broad industry experience’. The practice is represented throughout North America, Europe, Asia and the Middle East - and it is also regularly involved in deals where it is not on the ground, such as India. New York-based global corporate chair Marc Jaffe is widely revered as ‘a leading light’ and advised Goldman Sachs on Canada Goose’s C$340m dual-listed IPO and its $259m follow-on offering - New York-based Ian Schuman and Boston’s John Chory co-led on the IPO. Other high-profile underwriter mandates include advising Credit Suisse on the $450m US IPO of China-based Best as well as assisting Credit Suisse with the $96m IPO of Switzerland-based ObsEva. Equity highlights for issuers included assisting FFI Holdings with its £235.5m IPO. On the debt side, the team advised the Kingdom of Saudi Arabia on its inaugural $17.5bn bond offering. Witold Balaban, who splits his time between New York and London, and Chicago’s Cathy Birkeland are also high-profile partners.

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Structured finance: derivatives and structured products

Within: Structured finance: derivatives and structured products

Latham & Watkins LLP’s team is is highly regarded in the equity-linked derivatives market and regularly acts as issuer and underwriter counsel in convertible bond offerings. Following Regency Centers Corporation’s acquisition of Equity One, Rafal Gawlowski and Melissa Alwang advised Citigroup on an amendment and restatement of a margin term loan facility, which originally included shares in the target company. Courtenay Myers Lima acted for Bank of America on the sale by its subsidiary of various fixed income indices to Intercontinental Exchange (ICE). The team works in conjunction with Witold Balaban’s capital markets and financial institutions departments, and also has expertise in securities regulation and fintech. In 2016, counsel Catherine Lee joined the firm from JP Morgan, where she was an executive director and assistant general counsel.

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