The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The flotation on the New York Stock Exchange represents the largest US IPO in the past five years and one of the largest in history. With 133 million units listing at $31 a unit, the offering raised a total of $4.13bn (£2.07bn).
The units began trading today with Blackstone granting underwriters, which are being led by Morgan Stanley and Citi, a 30-day option to buy up to 20 million additional units at a discounted price.
Simpson Thacher corporate partner Josh Bonnie led the team advising on the IPO alongside partners and associates from the firm's capital markets, tax, M&A and investment management practices.
One of industry's first flotations, the Blackstone IPO was complex in that it is structured as a partnership that is exempt from the governance requirements of investment companies. The work was further complicated by the high level of press coverage the IPO received.
The banks on the float, which include Merrill Lynch, Credit Suisse, Lehman Brothers and Deutsche Bank as book runners, were advised by Skadden Arps Slate Meagher & Flom.