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Cleary Gottlieb Steen & Hamilton

ONE LIBERTY PLAZA, NEW YORK, NY 10006, USA
Tel:
Work +1 212 225 2000
Fax:
Fax +1 212 225 3999
Email:
Web:
www.cgsh.com
Abu Dhabi, Beijing, Brussels, Buenos Aires, Cologne, Frankfurt and 10 more

Jeffrey Karpf

Tel:
Work 1 212 225 2864
Email:
Cleary Gottlieb Steen & Hamilton

Position

Jeffrey D. Karpf is a partner based in the New York office. Mr. Karpf’s practice focuses on corporate and financial transactions; corporate governance and board advice; securities regulatory matters. Represents issuers, sponsors and investment banks in IPOs; public and private equity, debt, convertibles and liability management transactions.

Career

Joined firm, 1994. JD, Order of the Coif, Stanford University Law School (1994); BA, magna cum laude, Yale University (1989).

Member

Mr. Karpf is a member of the Bar in New York.


United States: Finance

Capital markets: debt

Within: Leading lawyers

Jeffrey Karpf - Cleary Gottlieb Steen & Hamilton

Within: Capital markets: debt

Well known for company and underwriter-side deals, Cleary Gottlieb Steen & Hamilton is a popular choice for first-time issuers through to veteran bulge bracket banks. The practice is recognized for its strength in cross-border work, including sovereign bond transactions, but its broad sector focus and deep regulatory experience secures it headline mandates across a wide range of industry segments. On the issuer side, Craig Brod recently advised Honeywell on a $1.2bn notes offering as part of its debt refinancing. Sung Kang, who has an impressive record in cross-border transactions, advised General Mills on several offerings to support its $8bn acquisition of Blue Buffalo, including debt offerings worth $6.5bn. Among its bank-side mandates, Jeffrey Karpf acted for a syndicate of underwriters, led by Citigroup Global Markets, on a series of notes offerings for Citi totaling $17bn. Elsewhere, David Lopez and Pamela Marcogliese advised the underwriters, led by Citigroup, on Allison Transmission’s $400m offering of senior notes. Other key contacts in the New York-based team include group co-lead Adam Fleisher and Nicolas Grabar, who brings to bear strong experience in Latin America-facing matters.

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Capital markets: equity offerings

Within: Leading lawyers

Jeffrey Karpf - Cleary Gottlieb Steen & Hamilton

Within: Capital markets: equity offerings

‘Among the leading firms worldwide for capital markets’, Cleary Gottlieb Steen & Hamilton is commended for its ‘comfort with regulatory issues and anticipation of problems, which brings tremendous efficiency to complicated deals’. The New York-based team, which ‘goes above and beyond expectations to drive process and execute according to plan’, brings to bear strong expertise in private equity-related transactions and complex cross-border matters. Among the names to note, Jeffrey Karpf is ‘very strong in the equity space’; he advised Cushman & Wakefield (and its principal shareholders TPG, PAG Asia Capital and Ontario Teachers’ Pension Plan Board) on its $831m IPO. In another issuer-side highlight, Adam Fleisher (noted for his ‘unrivalled client service attitude and commercial practicality’) and Sandra Flow advised GrafTech International, and its majority stockholder, on its $525m IPO and its subsequent $460m secondary follow-on offering. On the manager front, Karpf paired up with Michael Dayan to act as product counsel to the underwriters on a $852m stock offering by Alexandria Real Estate Equities; the team also advised the forward purchasers on the transaction. Other key contacts include David Lopez and Sung Kang. Seasoned specialists Alan Beller and Leslie Silverman left the partnership for senior counsel roles.

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Capital markets: global offerings

Within: Leading lawyers

Jeffrey Karpf - Cleary Gottlieb Steen & Hamilton

Within: Capital markets: global offerings

Cleary Gottlieb Steen & Hamilton, widely admired as ‘an elite firm globally for capital markets’, scores highly for its ‘extremely well-rounded practice’, which demonstrates ‘great experience in advising both issuers and managers’. The team shows equal dexterity in its ability to handle both debt and equity work and it routinely advises on the full scope of offerings, from corporate IPOs through to sovereign bond issuances. Other key attributes, as outlined by sources, include the group’s ‘peerless Latin America capital markets practice’ as well as its ‘strong presence in Europe and Asia’. Among the names to note, ‘very strong’ Jeffrey Karpf advised Cushman & Wakefield and its principal shareholders on its $831m IPO. David Lopez is also highly regarded for global offerings and advised the initial purchasers on $4.5bn worth of concurrent high-yield notes offerings, which included two euro-denominated offerings worth €1.6bn, by finance subsidiaries of Teva Pharmaceutical Industries. Cross-border specialist Jorge Juantorena, who brings to bear an enviable record in Latin American deals, advised the Mexican Ministry of Communications and Transportation, and its subsidiaries Grupo Aeroportuario de la Ciudad de Mexico and Aeropuerto Internacional de la Ciudad de Mexico, on a $1.5bn offering of trust certificates. The New York-based team also includes Adam Fleisher, Nicolas Grabar and Pamela Marcogliese.

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Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Cleary Gottlieb Steen & Hamilton’s New York-based practice is characterized by its ‘great commercial sense’, ‘strong negotiation skills’ and ‘solution-oriented service’. The group, which is a popular choice for both issuers and managers, is also widely recognized for its expertise in global, particularly Latin America-related, deals. Among its recent issuer representations, Sung Kang advised Western Digital on its $2.3bn senior notes offering. Kang also paired up with Craig Brod to advise Alcoa on a $500m notes offering. On the manager side, David Lopez advised the initial purchasers on concurrent high-yield notes offerings by finance subsidiaries of Teva Pharmaceutical Industries, worth $1.2bn and €700m, respectively, and listed on the Global Exchange Market of the Irish Stock Exchange. In another notable cross-border deal, Duane McLaughlin advised the initial purchasers on a €650m high-yield global debt offering by Mexico cement giant CEMEX. Other recommended names include Jeffrey Karpf, who advised the underwriters on JELD-WEN’s $800m high-yield dual tranche notes offering; Latin America specialist Jorge Juantorena; and experienced counsel David Webb.

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