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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 a long-term association with Latin America, notably in both strategic and private equity transactions. The firm is at the forefront of deals involving complex compliance and corruption issues, and transactions involving distressed assets. Financial institutions and media and telecoms sectors are key areas for the Latin America team, which has an especially strong record in Brazil, although it has genuine Latin America-wide credibility. Clients include Amber, Brookfield Asset Management, Canada Pension Plan Investment Board (CPPIB),¬†Companhia Brasileira de Metalurgia e Minera√ß√£o, The Carlyle Group,¬†Companhia Sider√ļrgica Nacional (CSN), Organiza√ß√Ķes Globo,¬†Prumo Logistica and Vinci Partners. the team advised¬†Carlyle ¬†on its strategic minority investment in Brazilian casual dining and fast-casual restaurant chain, Grupo Madero; and also advised¬†Brookfield Business Partners on its proposed $170m acquisition of a 55% controlling stake in¬†Brazilian fleet management company, Ouro Verde. Other matters included advising Ambev on its $926m acquisition of a 30% interest in brewerCervecer√≠a Nacional Dominicana, and on the restructuring of its joint venture with E. Le√≥n Jimenes, one of the largest companies in the Dominican Republic. One client praises 'the quality of the team in general and the availability of senior lawyers to actively participate in all stages of the deal, which guarantees the adequate assessment of risks and negotiation opportunities throughout the process'. Native Colombian partner¬†David Grosgold¬†has an excellent reputation for financial institutions and insurance deals in Latin America. Head of the Latin America practice¬†Maurizio Levi-Minzi¬†is noted for strategic and private equity transactions across the region.¬†Gregory Gooding¬†and¬†Michael Gillespie¬†are also experienced in Latin America M&A transactions, and John Vasily¬†is noted for insurance deals. All named individuals are based in New York. Former counsel Armando Rivera Jacobo moved to White & Case LLP in July 2019.

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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 is commended for the 'sophistication and scope' of its practice. It continues to impress in a range of sectors, especially healthcare, TMT, insurance and financial institutions, and private equity. The firm has worked hard to develop its sector expertise over the last decade, streamlining efforts with certain M&A practitioners given the task of focusing on individual industries alongside colleagues from other departments. Few firms now have the same level of combined M&A and regulatory expertise in its chosen focus sectors. Clients include Discovery Communications, Johnson & Johnson, HCA, International Paper, Pitney Bowes, Tribune Media, Time and Verizon Communications. In a uniquely complex transaction, involving multiple moving parts, it advised long-term private equity client Clayton, Dubilier & Rice on its $2.4bn acquisition of New York-listed Ply Gem in a take private transaction alongside a parallel purchase of Atrium Windows & Doors and then merger of Atrium with Ply Gem. It followed this deal with a series of add-on transactions for Ply Gem culminating in its $5.5bn stock-for-stock combination with NCI Building Systems. In the mega-deal space, it advised Discovery Communications on its $14.6bn acquisition of Scripps Networks Interactive and further illustrated its expertise in the media sector with a number of deals for Tribune Media including its proposed $6.6bn sale to Sinclair Broadcast Group, which was eventually terminated. The senior team has expanded considerably in recent years with a series of partner promotions, including Sue Meng, who is 'a strong lawyer who gets amazing amounts of work done', Uri Herzberg, Alexander Cochran and Jennifer Chu. It now has 'a fantastic mix of senior lawyer oversight with outstanding transaction lawyers and associates', which are praised for their 'brilliance and interpersonal skills'. Clients also highlight 'the level of integration and coordination among the practice areas', which 'operate seamlessly with one another on the various aspects of a deal'. Jeffrey Rosen is 'a brilliant strategist and negotiator' and Paul Bird is another senior name with a wealth of big transaction experience. Practice co-head Michael Diz is 'a strong and capable young partner', 'demonstrates a long-term commitment to  learn and truly understanding clients' businesses and strategies' and 'develops positive working relationships with in-house counsel and business leaders'. Kevin Rinker, who also co-heads the M&A group, has an excellent record in healthcare deals. Also recommended are Gregory Gooding and William Regner, the latter of whom has been noted as 'another strong corporate finance and M&A professional'.

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Private equity buyouts

Within: Private equity buyouts

Debevoise & Plimpton LLP has 'a very high quality practice', most notably in the healthcare, financial services, insurance, technology, media and telecoms sectors. The team is 'responsive and commercially adept', 'balances the business objectives of clients while being realistic about likely exposures, threats and issues, and has a proven track record of creatively designing structures and solutions'. The firm is consistently recognized for its private equity funds formation department, which has proved fundamental to the build-out of its client portfolio and the success of the buyouts practice. Additional strength in leveraged finance, employee benefits, executive compensation, tax, litigation and deep regulatory knowledge is key to the team's performance. Clients include Blackstone, Canada Pension Plan Investment Board, The Carlyle Group, Cerberus Capital Management, Kelso & Co, Providence Equity Partners, Temasek and long-term anchor client Clayton, Dubilier & Rice (CD&R). Paul Bird is a senior figure within the sector, known for advising the likes of CD&R and Carlyle; he led the team that advised CD&R on its purchase of New York-listed Ply Gem Holdings through a $2.4bn take-private transaction. Kevin Schmidt is 'outstanding', 'a thoughtful business adviser', 'technically sharp', 'has a no-nonsense approach', 'is someone who looks to get the deal done by protecting the client's interests but focusing on what matters' and is 'thoughtful, energetic and responsive': he led the team that advised CF Corporation and Blackstone on the $1.83bn all-cash acquisition of Fidelity & Guaranty Life. Kevin Rinker has a notably strong record in healthcare deals and 'doesn't need to win every point just for the sake of it, but rather focus on what is most important'. Andrew Bab is a leader in healthcare deals and led the team that advised a consortium featuring TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) on its $4.1bn acquisition of Kindred Healthcare, resulting in Kindred to operate as a standalone company with Humana owning 40% and TPG and WCAS taking a 60% share; Kindred’s LTAC hospitals, IRFs and contract rehabilitation services businesses became a separate specialty hospital company owned by TPG and WCAS. Gregory Gooding is 'very smart and pragmatic' and recommended for financial services deals. Jennifer Chu and Uri Herzberg are emerging names, as is Christopher Anthony, who was promoted to partner in 2018.

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Legal Developments by:
Debevoise & Plimpton LLP

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Legal Developments worldwide

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