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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

Matthew Kaplan

Tel:
Work +1 212 909 7334
Email:
Debevoise & Plimpton LLP

Work Department

Securities, Finance, Corporate Governance

Position

Partner

Career

www.debevoise.com/mekaplan/


United States: Finance

Capital markets: debt

Within: Leading lawyers

Matthew Kaplan - Debevoise & Plimpton LLP

Within: Capital markets: debt

Debevoise & Plimpton LLP’s New York-based practice, which is widely revered for its expertise in the financial services and private equity spaces, handled a string of event-driven debt transactions over the past year, acting for the full range of corporations, financial institutions and investors. Most notably, capital markets co-head Matthew Kaplan advised Discovery Communications on its $14.6bn acquisition of Scripps Networks Interactive, which included a $6.7bn notes offering. Steven Slutzky, who co-leads the department, is highly regarded for private equity-related matters and advised Clayton, Dubilier & Rice and American Greetings on a $282.5m offering of senior notes related to the former’s $1.1bn acquisition of a 60% stake in American Greetings. Also recommended is Peter Loughran, who assisted AXA Equitable Holdings with two sizeable debt issuances, including a $3.8bn senior notes offering. Although issuer-side mandates provide the bulk of instructions, the firm also advises underwriters.

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Capital markets: equity offerings

Within: Capital markets: equity offerings

Debevoise & Plimpton LLP’s equity capital markets practice leverages the firm’s top-drawer private equity offering to specialize in advising private equity sponsors, and their portfolio companies, on strategic transactions. Peter Loughran is a key contact and advised DE Shaw, as selling shareholder, on two secondary offerings by James River Group, worth $119m and $120.3m respectively. In another example of the group’s signature strength, Paul Rodel assisted Atkore International, a portfolio company of Clayton, Dubilier & Rice, with two secondary offerings totaling $273m. Matthew Kaplan and Steven Slutzky co-lead a New York-based team that also counts AXA, Discovery Communications and Principal Financial Group among its clients.

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Capital markets: global offerings

Within: Capital markets: global offerings

The New York-based group at Debevoise & Plimpton LLP is ‘very effective’ according to sources, who note it as ‘a tightly-run ship’. The firm houses a sizeable global capital markets department, which leans on international teams in London, Paris, Moscow, Hong Kong and Frankfurt, and is best known for its focus on issuer representations, particularly within the financial services, insurance and private equity spheres. Among its recent headlines, Peter Loughran advised AXA and AXA Equitable Holdings on the latter’s IPO as well as on the partial spin-off of the US arm from the French insurer in a $4bn deal, which also included the $860m issuance of exchangeable bonds. Matthew Kaplan, who co-leads the practice, advised Australia-based Westpac on its issuance of $3bn worth of notes. The team also benefits from the senior experience of Steven Slutzky, who co-leads the group, and Paul Rodel.

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Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Debevoise & Plimpton LLP houses a robust issuer-side practice, which is particularly well versed in representing private equity funds, and their portfolio companies, in high-yield debt offerings. The group, which also acts for public companies and underwriters, has a solid track record in sophisticated event-driven deals, often involving acquisition finance, restructuring or leveraged recapitalization elements. In a recent example of its strong suit, capital markets co-lead Steven Slutzky advised Clayton, Dubilier & Rice and American Greetings on the sale of $282.5m of senior notes in connection with CD&R’s acquisition of a 60% ownership stake in American Greetings. In another private equity-related highlight, Paul Rodel advised Brand Industrial Services, a portfolio company of Clayton, Dubilier & Rice, on its $300m tack-on offering of senior unsecured notes. Other representative clients include Booz Allen Hamilton and Warner Music Group. Matthew Kaplan co-heads a New York-based group, which also includes Peter Loughran.

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