Oaktree Capital Group LLC, the world’s largest distressed-debt investor, relied on Simpson Thacher & Bartlett LLP for its initial public offering that debuted yesterday. The lead underwriters, Goldman Sachs Group Inc. and Morgan Stanley, turned to Sullivan & Cromwell LLP for advice.
The Simpson Thacher team was led by corporate partner Thomas Wuchenich in Los Angeles and included corporate associates Ryan Nolan in Palo Alto, in Los Angeles, Michael Reeves, Sara Terheggen and Christopher Piazza as well as Daniel Daneshrad in New York; tax partners Katharine Moir in Palo Alto, John Hart in New York and associate Sean Austin in New York; and benefits partner Tristan Brown in Palo Alto and associate Paul Koppel in New York.
The Sullivan & Cromwell team included corporate partners Patrick Brown in Los Angeles and Jay Clayton in New York and corporate associates Rita-Anne O’Neill, Jason Anderson, Azil Virji and Scott Campbell in Los Angeles; and in tax, partner Andrew Mason, special counsel Judith Fiorini, special counsel David Passey and associate Adrienne Maxwell; Investment Company Act partner William Farrar; financial institutions special counsel Mark Lab; and banking and project finance partner Erik Lindauer, all based in New York.
Oaktree, which trades on the New York Stock Exchange under the symbol OAK, opened at $41 a share, below its $43 offering price. It rebounded during the day to close at $42.39.
The Los Angeles-based firm, co-founded by Howard Marks and Bruce Karsh, raised $380.2 million in its IPO, about 27 percent less than originally sought.
Baker & Hostetler, Ropes & Gray on IPO for Outback Owner
Bloomin’ Brands Inc., owner of the Outback Steakhouse restaurant chain, is seeking to raise $300 million in an initial public offering to help pay down debt.
Baker & Hostetler LLP represents Bloomin’ in the IPO and Ropes & Gray LLP represents the lead underwriters, Bank of America Corp., Morgan Stanley and JPMorgan Chase & Co.
From Baker & Hostetler are partners John Gherlein, Janet Spreen, Suzanne Hanselman, Peter Van Euwen and Edward Ptaszek and associates Katie O’Connor, John Harrington and Matthew Oliver, all in the firm’s Cleveland office.
The Ropes & Gray lawyers are Boston partners Keith Higgins and Marko Zatylny and associates John Donnelly and Joshua Morrison, also in Boston.
Bloomin’ Brands, based in Tampa, Florida, is owned by Bain Capital LLC and Catterton Management Co. The company said in its filing April 6 that it will trade under the ticker BLM.
Bloomin’ Brands also owns the chains Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse & Wine Bar and Roy’s Hawaiian Fusion Cuisine.
Four Law Firms Prepare for ‘World Series’ of IP Trials
Oracle Corp. will ask a jury next week to find that Google Inc. stole its intellectual property to make Android software in a trial that a federal judge called the “World Series of IP cases.”
The law firms involved in the case are heavy hitters as well: Representing Oracle are Boies, Schiller & Flexner LLP and Morrison & Foerster LLP, while King & Spalding and Keker & Van Nest LLP represent Google.
From Boies Schiller are partners David Boies, Steven Holtzman, Alanna Rutherford and Fred Norton and associates Rosaline Chan, Meredith Dearborn and Beko Richardson.
The partners at Morrison & Foerster are: Michael Jacobs, Ken Kuwayti, Marc Peters and Dan Muino, along with associates Ruchika Agrawal, Christina Chen, Ben Peterson, Patricia Svilik, Roman Swoopes and Yuka Teraguchi.
From King & Spalding are partners Scott T. Weingaertner and Bruce W. Baber and associates Mark H. Francis, Chris C. Carnaval, Brian C. Banner and Truman Fenton.
From Keker & Van Nest are partners Robert Van Nest and Christa Anderson, of counsel Michael Kwun, partners Dan Purcell, Gene Paige, Matthias Kamber and associates Reid Mullen and David Zimmer.
Oracle, the database maker seeking to wring profit from its $7.4 billion 2010 acquisition of Sun Microsystems Inc., is seeking $1 billion in damages and an injunction to block Android software that allegedly infringes patents it owns through Sun. Google, whose Android software is running on more than 150 million devices, denies any infringement and says the Oracle-owned technology it used isn’t covered by copyright.
U.S. District Judge William Alsup, will preside over the trial which is scheduled to begin April 16 in San Francisco.
The case is Oracle America Inc. v. Google Inc., 10-03561, U.S. District Court, Northern District of California (San Francisco).
For more on the case, click here.
Indianapolis Firm Adds Former Mayor to Its Ranks
Faegre Baker Daniels LLP has hired Jonathon Weinzapfel, the former mayor of Evansville as counsel.
According to a statement released by the firm, Weinzapfel will advise clients in their relationships with federal, state and local governments. Additionally, he will advise nonprofits and government clients on developing public-private partnerships and economic development projects, the firm said in its statement.
Weinzapfel was mayor of Evansville, Indiana’s third largest city, from 2004 to 2011. He will work from Evansville.
SEC Names U.S. Attorney Matthew Solomon as Deputy Trial Head
Matthew C. Solomon, chief of the fraud unit in the U.S. Attorney’s Office for the District of Columbia, has been named deputy head of the Securities and Exchange Commission’s trial group.
Solomon, 39, has been a federal prosecutor for more than 10 years, and since 2010 has supervised 25 prosecutors handling hundreds of white-collar criminal matters including securities-fraud cases, the SEC said in a statement today.
As a prosecutor, Solomon has tried about two dozen cases involving extortion, money laundering, tax fraud, bribery, drug offenses and obstruction of justice, according to the SEC statement. He has also served as a counsel to the Senate Judiciary Committee. Solomon will join the SEC in June.
Hunton & Williams Promotes Eleven Attorneys to Partner
Hunton & Williams LLP has announced its new partners. The firm promoted Heather S. Archer, Timothy L. Jacobs, Daniel G. Vivarelli Jr. and Amanda L. Wait in Washington, Steven M. Haas, Brian L. Hager and George P. “Trey” Sibley III in Richmond, Jamie Zysk Isani in Miami, David A. Kelly and David R. Yates in Atlanta and Yeongyo Anna Suh in San Francisco.
According to the firm’s statement, Hunton & Williams has more than 800 lawyers serving clients in 100 countries from 19 offices around the world.