Debevoise & Plimpton is advising Evercore in the transfer of control of its Mexican private equity business, Evercore Mexico Capital Partners (EMCP), to Glisco Partners, a new entity formed by the EMCP principals. Glisco will assume all responsibility for management of the existing EMCP funds, which currently manage $266m of invested capital. The Debevoise team is […]
Debevoise & Plimpton litigation partner Matthew Biben has been appointed to the New York State Commission on Judicial Nomination, which screens candidates for vacancies on the Court of Appeals. Appointments to the 12-member commission are divided evenly among the three branches of government. Biben will replace Margaret Morton, who is resigning from the commission, and […]
Debevoise & Plimpton LLP has advised Booz Allen Hamilton Inc in the third amendment to its credit agreement dated as of July 31, 2012. With no increase in net borrowing and a reduction in overall interest costs, the amendment extended the maturity of all of the outstanding $1,583m of Booz Allen Hamilton’s borrowings under the […]
Debevoise & Plimpton LLP is advising Alliant Insurance Services, the specialty insurance brokerage firm, in its acquisition of Chicago-based Mesirow Insurance Services (MIS). Alliant provides property and casualty, workers’ compensation, employee benefits, surety, and financial products and services to more than 26,000 clients nationwide, including public entities, tribal nations, healthcare, energy, law firms, real estate, […]
Debevoise & Plimpton has been named one of the top five ‘Family Friendly Firms’ in New York by Yale Law Women (YLW) in its annual Family Friendly Firms survey. In addition, the firm finished in the top three nationally in the ‘Professional Development’ category and in the top five in the ‘Parental Leave’ category.
Debevoise & Plimpton LLP has advised Lauro Cinquantasette (Lauro 57) in its sale of Prime European Therapeuticals (Euticals) to Albany Molecular Research (AMRI). Euticals is a privately held company headquartered in Lodi, Italy, specialising in custom synthesis and the manufacture of active pharmaceutical ingredients. AMRI financed the €315m transaction through the issuance of approximately […]
The London office of Debevoise & Plimpton LLP is advising Clayton, Dubilier & Rice (CD&R) in the financing aspects of its announced exclusive discussions for the acquisition of BUT, the largest furniture retailer network in France. The proposed acquisition is structured as a 50:50 partnership between CD&R-managed funds and WM Holding, a company related to […]
Debevoise & Plimpton is pleased to announce that Megan Bannigan will become counsel at the firm and Edwin Northover will become international counsel. Their promotions will become effective on July 1. Bannigan is resident in the New York office and is a member of the litigation department. Her practice focuses on trademark, copyright, false advertising, rights of publicity and […]
The Securities and Exchange Commission’s (SEC’s) Office of Compliance Inspections and Examinations (OCIE) recently published the priorities of its National Exam Program (NEP) for 2014 (the ‘2014 Priorities’). The 2014 Priorities focus on areas perceived by the SEC staff to ‘have heightened risk’. The OCIE report addresses both market-wide priorities and priorities that are specific […]
Debevoise & Plimption has published its FCPA Update for January 2013. The lead article concerns anti-corruption compliance in 2013, focusing on trends and signals for the future. Subsequent sections Overview of corporate and individual enforcement actions in 2013 Key observations relating to 2013 enforcement actions Major corporate resolutions of 2013 Declinations Individual resolutions of 2013 […]
The New York Stock Exchange (NYSE) has updated its Section 303A written affirmation form to reflect the recent modifications to the NYSE listing standards for compensation committees of equity issuers. The new affirmation form must be used by listed companies with annual meetings held after 15 January 2014 and is available on the NYSE’s website. […]
On 17 January 2014, the Asset Management Association of China (AMAC) announced a provisional regulation requiring the registration of domestic Chinese private equity fund managers and filings by domestic Chinese private equity funds with AMAC. Although the regulation does not explicitly resolve this issue, it would appear that managers and funds formed under Chinese law […]