Cleary Gottlieb is an acknowledged leader in U.S. and international capital markets practice. Issuers and market participants throughout the world rely on us for the most current advice on disclosure and corporate governance matters, corporate and securities regulatory issues and transactional structuring. We regularly advise issuers and underwriters throughout the world on company-critical and precedent-setting financings, which span the spectrum of capital markets transactions. The firm was among the first to recognize the importance of the global marketplace, with the opening of its Paris office in 1949. The scope and depth of our international resources are among the firm’s historic strengths and allow us to offer clients seamless advice across markets in their worldwide financing activities.
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May 20, 2013
Cleary Gottlieb represented long-standing client Petróleo Brasileiro S.A. (“Petrobras”) in its SEC-registered offering of U.S.$11 billion aggregate principal amounts of guaranteed senior notes. The notes were issued in six tranches by Petrobras’ Dutch finance subsidiary, Petrobras Global Finance B.V. and listed on the New York Stock Exchange. There were two series of floating rate notes linked to LIBOR. The proceeds will be used to finance Petrobras’ planned capital expenditures under its 2013-2017 Business Plan and for general corporate purposes. According to media reports, this was the largest-ever debt offering by an emerging market company and the second-largest corporate bond offering in the world this year. The offering closed on May 20, 2013. The notes are unconditionally and irrevocably guaranteed by Petrobras, and the general terms of the notes are as follows:
- U.S.$ 1.25 billion of PGF’s 2.000% Global Notes due 2016
- U.S.$ 2.00 billion of PGF’s 3.000% Global Notes due 2019
- U.S.$ 3.50 billion of PGF’s 4.375% Global Notes due 2023
- U.S.$ 1.75 billion of PGF’s 5.625% Global Notes due 2043
- U.S.$ 1.00 billion of PGF’s Floating Rate Global Notes due 2016
- U.S.$ 1.50 billion of PGF’s Floating Rate Global Notes due 2019
Sep 19, 2012
Cleary Gottlieb acted as counsel to the underwriters, led by joint global coordinators Citigroup Global Markets, Deutsche Bank Securities, Goldman Sachs and J.P. Morgan Securities, in the largest secondary equity offering in U.S. history. The U.S. Department of the Treasury sold 636,923,075 shares (including 83,076,922 shares purchased by the underwriters pursuant to the full exercise of their over-allotment option) of its American International Group (AIG) common stock at $32.50 per share. AIG repurchased approximately $5.0 billion of its common stock in the transaction. The aggregate proceeds to Treasury from the common stock offering were approximately $20.7 billion.
Feb 08, 2013
Cleary Gottlieb represented Citigroup Inc., in connection with the exchange, and the underwriters, led by UBS Securities LLC, in connection with the public sale, of the last remaining Citi securities held by the U.S. Department of the Treasury. Almost all of Treasury’s TARP investment in Citi was sold through public offerings by the end of 2010. However, under an agreement with the FDIC, Treasury was entitled to receive $800 million Citi trust preferred securities from the FDIC when the final series of Citi FDIC-guaranteed debt matured. On December 28, 2012, that final series of Citi debt matured, and the FDIC transferred $800 million trust preferred securities to Treasury.
In order to increase the marketability of Treasury’s securities, Citi agreed to exchange the $800 million trust preferred securities for $894 million 4.050% Subordinated Notes due July 30, 2022. The exchange took place, and the subordinated notes were issued to Treasury, on February 4. On February 5, the subordinated notes were offered to the public in a secondary offering by Treasury. The public sale priced that same day and closed on February 8. This transaction marks the final exit of Treasury as a holder of Citi securities.
Jun 28, 2012
Cleary Gottlieb represented Felda Global Ventures Holdings Berhad (FGVH) and the selling shareholder, Federal Land Development Authority (FELDA), in FGVH’s Ringgit Malaysia 9.9 billion (approximately $3.2 billion) initial public offering, one of the world’s largest initial public offerings in 2012.
CIMB Investment Bank Berhad, Maybank Investment Bank Berhad and Morgan Stanley & Co. International plc acted as joint global coordinators. The shares were sold through a registered public offering in Malaysia and through a Rule 144A/Regulation S offering outside Malaysia. The deal priced on June 18, closed on June 26 and the shares were listed on the Main Market of Bursa Malaysia Securities Berhad on June 28.
FGVH is a global agricultural and agri-commodities company based in Malaysia, with operations across ten countries, and is the third largest oil palm plantation operator in the world based on planted hectarage. FGVH is engaged in the production and sale of oil palm and rubber plantation products, soybean and canola products, oleochemicals and refined sugar products.
FGVH was incorporated as the commercial arm of FELDA for overseas investments in the upstream and downstream palm oil business and other agribusinesses. FELDA was formed in 1956 to alleviate rural poverty in Malaysia through the development of plantation land cultivated by settlers.
Apr 09, 2013
Cleary Gottlieb represented BPCE in the establishment of a $10 billion medium-term note program. Notes offered pursuant to the program will be offered by BPCE, a French bank. A subset of notes will be guaranteed by the New York Branch of Natixis, a subsidiary of BPCE. Program documentation was signed on April 9.
The notes will be offered in the United States in reliance on (i) the exemption from registration provided by Section 3(a)(2) of the Securities Act, (ii) on reliance on the exemption from registration provided by Rule 144A under the Securities Act, or (iii) pursuant to Regulation S under the Securities Act. The Notes will generally be senior unsecured fixed or floating rate notes. Natixis Securities Americas will serve as the arranger. Barclays Capital, Citigroup Capital Markets, Goldman Sachs, J.P. Morgan Securities, Merrill Lynch, Pierce, Fenner & Smith, Morgan Stanley, and Wells Fargo Securities will serve as dealers.
BPCE is the central body of Groupe BPCE, a leading French mutual banking group. Groupe BPCE was created through the July 2009 combination of the Groupe Banques Populaires and the Groupe Caisse d’Epargne, two leading French mutual banking groups.
Dec 03, 2012
Cleary Gottlieb represented MegaFon, the second largest Russian mobile telecommunications operator, in its London and Moscow listed IPO. Its GDRs and ordinary shares were sold at an offer price of US$20 each and the gross proceeds of the offering were approximately US$1.7 billion, giving it a debut market capitalization of over US$11 billion. The offering, which is the largest IPO by a Russian company since 2010, and the largest telecoms listing in London for over 10 years, closed on December 3, 2012.
Sep 18, 2012
Cleary Gottlieb represented the Central Bank of Russia and Sberbank of Russia in connection with the USD5.2 billion sale by the CBR of approximately 7.58% of the share capital of Sberbank. The sale was structured as a Rule 144A / Regulation S secondary public offering of ordinary shares in Sberbank and global depositary shares, each GDS representing an interest in four ordinary shares, simultaneously with an offering of ordinary shares in Russia on the MICEX Stock Exchange. The transaction priced on September 18. As a result of the sale, the CBR's participation in Sberbank has decreased to 50% of the share capital plus one voting share, which is the minimum currently required for the CBR by Russian law.
In connection with the transaction, Sberbank's American depositary shares previously traded on the unregulated market segment of the London Stock Exchange, as well as the GDSs offered in the Rule 144A / Regulation S offering, were admitted to the Official List of the UK Listing Authority and to trading on the LSE’s regulated market for listed securities. The underlying ordinary shares of Sberbank have been listed on MICEX since 1996.
Sberbank is the largest commercial bank in Russia, accounting for approximately 28% of all Russian banking sector assets and providing banking services to approximately 50% of the Russian population. As of September 14, 2012, Sberbank ranked as the 18th largest bank in the world by market capitalization. The SPO is a key milestone in the announced multi-billion dollar Russian privatization program, representing the largest Russian equity deal since the 2008 - 2009 financial crisis and the fourth largest ever international capital-raising on the LSE.
Credit Suisse, Goldman Sachs International, J.P. Morgan, Morgan Stanley and Troika Dialog (a leading Russian investment bank and, since 2011, a part of the Sberbank group) acted as joint bookrunners in connection with the Rule 144A/Regulation S portion of the offering.
Feb 01, 2013
Cleary Gottlieb is representing Goldman Sachs as financial advisor to Banco Bilbao Vizcaya Argentaria (BBVA), in connection with the sale to MetLife of BBVA’s interest in Administradora de Fondos de Pensiones Provida (Provida), the largest private pension fund administrator in Chile. Under the terms of the agreement, MetLife will conduct a public cash tender offer for all of the outstanding shares of Provida, and BBVA has agreed to transfer its 64.3% stake to MetLife for approximately $1.29 billion. The transaction was announced on February 1 and is expected to close during the third quarter of 2013, subject to the receipt of Chilean regulatory approvals.
BBVA is a multinational Spanish banking group.
MetLife is one of the world’s largest providers of insurance, annuities and employee benefit programs.
Mar 19, 2013
Cleary Gottlieb represented the underwriters led by BNP Paribas, Citi, HSBC and J.P. Morgan in an offering of $2.5 billion aggregate principal amount of the Asian Development Bank’s 0.50% global notes due June 20, 2016. The transaction was conducted under ADB’s Global Medium-Term Note Program. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on March 19.
The Asian Development Bank is an international development financial institution whose vision is an Asia and Pacific region free of poverty. In pursuing its objectives, ADB provides different forms of financial assistance to its developing member countries. The main instruments are loans, technical assistance, grants, guarantees, and equity investments, which are met through various funding resources.
Feb 13, 2013
Cleary Gottlieb represented Grupo Sanborns, a subsidiary of the Carso group, in its $825 million global equity offering, consisting of an initial public offering on the Mexican Stock Exchange, and an international offering in the United States pursuant to Rule 144A and outside Mexico and the United States in reliance on Regulation S. The transaction priced on February 7 and closed on February 13.
Grupo Sanborns is a Mexican leading multi-format retailer and restaurant operator with operations in Mexico, El Salvador and Panama. It operates Mexico’s second largest department store chain (Sears Mexico), high fashion boutiques and luxury department stores (Pier 1, Saks Fifth Avenue, among others), a unique and highly successful retail concept (Sanborns stores), a retail and service chain selling the last-generation Apple-brand products (iShop and eduMac), the largest retail network of recorded music and video (Mixup, Mx Mixup, Discolandia and Tower Records), a large restaurant chain offering traditional Mexican food at affordable prices (Sanborns restaurants and Sanborns Cafés), among other retail and restaurant formats.
Dec 05, 2011
Cleary Gottlieb represented Barclays Capital and Credit Suisse as the underwriters of Transocean Ltd.’s registered public offering of 29,900,000 shares, which resulted in gross proceeds of more than $1.2 billion for the company. Transocean is a Swiss corporation, and the offering was conducted on a public basis in Switzerland as well as in the United States. The share offering priced on November 29 and closed on December 5 (including exercise in full of the related overallotment option).
Cleary Gottlieb also represented the underwriters, led by Barclays Capital, Credit Suisse and Mitsubishi UFJ Securities, in Transocean Inc.’s registered public offering of $2.5 billion of its senior notes (which are guaranteed by Transocean Ltd., its parent). The note offering priced on November 30 and closed on December 5. The firm was also counsel to the underwriters in Transocean’s 2010 offering of notes.
Transocean is the leading international provider of offshore contract drilling services for oil and gas wells. It specializes in technically demanding segments of the offshore drilling business with a particular focus on deepwater and harsh environment drilling services.
Mar 13, 2012
Cleary Gottlieb represented NationStar Mortgage Holdings in its $250 million initial public offering of approximately 19 million shares of common stock (including full exercise of the underwriters’ over-allotment option). NationStar is majority-owned by an affiliate of Fortress Investment Group, which did not participate in the offering and continues to own approximately 78.5% of the company. The offering priced on March 7 at $14 per share and closed on March 13.
Cleary Gottlieb also advised NationStar with respect to a reorganization of corporate entities in connection with this offering, including a unit exchange of membership interests in the sponsor for shares in the public company.
NationStar is a leading non-bank residential mortgage servicer known for its strong servicer performance and high touch servicing model, which emphasizes borrower interaction to improve loan performance and minimize loan defaults and foreclosures.
Dec 05, 2012
Cleary Gottlieb represented América Móvil in its SEC-registered offering of Ps.15 billion (U.S.$1.2 billion) principal amount of 6.45% Senior Notes due 2022 denominated and payable in Mexican pesos.
The offering was the largest local-currency debt offering in international markets by a Latin American corporate issuer. The notes were concurrently offered in Mexico and registered with the Comisión Nacional Bancaria y de Valores (the “CNBV”). The notes are listed on the Mexican Stock Exchange and Luxembourg’s Euro MTF Market. The deal closed on December 5th.
The offering is the first step in América Móvil’s plan to increase its funding in Mexican pesos, rather than funding in U.S. dollars and other foreign currencies and swapping into pesos, as in the past. América Móvil expects to reopen the notes on a quarterly basis and create a new 10-year benchmark note every two years, for a total new peso indebtedness of up to Ps.100 billion over the next five years.
The structure of the offer was unique in its asset class. The bonds are payable in pesos only, like domestic market securities, in contrast to previous “Euro-peso” bonds that are payable in dollars. They were registered and listed in Mexico and sold using a Mexican shelf offering process, the first time this has been done for an international bond issued under a U.S. indenture and governed by New York law. The concurrent registration with the SEC and the CNBV allowed the offering to be placed with Mexican institutions that could not participate in previous international offerings by Mexican issuers. They also clear on a fungible basis in the Mexican clearing system Indeval as well as the European clearing systems Euro-clear and Clearstream.
This structure was designed to permit the development of a true cross-border market for both the primary distribution and the secondary trading of the bonds. In this respect, the América Móvil structure has similar objectives to the Global Depositary Note structure pioneered earlier this year by Petróleos Mexicanos (Pemex), also advised by Cleary Gottlieb. The structural innovations and the large projected size of the program are intended to address the limitations on secondary market liquidity that have hampered the development of local-currency bond markets throughout the emerging markets.
América Móvil is the leading provider of telecommunication services in Latin America. As of September 30, 2012, América Móvil had 318.7 million accesses, of which 255.9 million were wireless subscribers and 62.8 million were fixed revenue generation units.
Cleary Gottlieb has advised América Móvil since 2000 on a wide variety of matters, including a substantial number of acquisitions and securities offerings.
May 09, 2012
Cleary Gottlieb represented GlaxoSmithKline plc and GlaxoSmithKline Capital plc (a subsidiary of GlaxoSmithKline plc) in the offering by GlaxoSmithKline Capital of $1 billion of 0.750% Notes due 2015, $2 billion of 1.500% Notes due 2017 and $2 billion of 2.850% Notes due 2022. The notes, issued under a shelf registration statement and wholly and unconditionally guaranteed by GlaxoSmithKline plc, have been listed on the New York Stock Exchange. The offering closed on May 9.
GlaxoSmithKline plc is a major global healthcare company engaged in the creation, discovery, development, manufacture and marketing of pharmaceutical and consumer health-related products.
Sep 24, 2010
Cleary Gottlieb is acting as international counsel to Petróleo Brasileiro S.A.--Petrobras (Petrobras) in its global equity offering announced September 3, which is expected to be the largest equity offering ever. The aggregate proceeds of the global offering to Petrobras, after underwriting discounts and commissions (before expenses), will be equivalent to approximately US$67 billion.
Petrobras will use part of the proceeds to pay $42 billion to the Brazilian federal government for the right to extract up to five billion barrels of oil equivalent from deep-water areas off the Brazilian coast.
Jun 06, 2011
Cleary Gottlieb advised Commerzbank on the U.S. aspects of and the financial disclosures in relation to a two-step, €11 billion capital raising transaction consisting of the issuance of Conditional Mandatory Exchangeable Notes (CoMEN) and a follow-on rights offering. The transaction closed on June 6.
In the first step, the CoMEN were issued and, after a shareholders' meeting in which the necessary capital was authorized, exchanged for Commerzbank shares that the German Financial Market Stabilization Fund (SoFFin) received upon conversion of a portion of its silent participation interest in the bank. These new shares then were eligible to participate in the second-step rights offering.
Commerzbank used the proceeds of the two-step transaction to repay a substantial portion of the funds the bank had received from the German federal government during the financial crisis.
The transaction was the largest share issue of a German bank since the capital increase of Deutsche Bank in September 2010, in which Cleary Gottlieb also represented the issuer.
Apr 23, 2010
Cleary Gottlieb represented Samsung Life Insurance in its $4.4 billion initial public offering, the largest IPO ever by a Korean company. Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley were joint bookrunners for the international tranche of the offering. The IPO priced near the high end of the expected price range on April 23, and the common shares will begin trading on the KRX KOSPI Market of the Korea Exchange on May 12.
Samsung Life Insurance is the leading life insurance company in Korea and is one of the flagship companies of the Samsung Group, which is the largest business group in Korea. The company provided coverage to 12.6 million individuals as of December 31, 2009, representing approximately 26% of the Korean population. As of the pricing date, the company would rank sixth in terms of market capitalization among companies listed on the Korea Exchange.
Jul 24, 2012
Cleary Gottlieb represented Empresas ICA (“ICA”) in its sale of $350 million 8.375% Senior Notes due 2017. BofA Merrill Lynch, Goldman, Sachs, Deutsche Bank, BBVA, Morgan Stanley and Santander acted as initial purchasers in the transaction, which closed on July 24. The notes were sold in a Rule 144A/Regulation S offering and will be listed on the Luxembourg Stock Exchange. The proceeds from the sale will be used to repay outstanding debt.
ICA is Mexico’s largest construction and infrastructure operations company. Founded in 1947, ICA’s principal lines of business are civil and industrial construction and engineering, housing and infrastructure operations, including airports, toll roads and municipal services. Cleary Gottlieb has acted as counsel to ICA in a total of $850 million of bond financing since January 2011.
Europe Equity Deal of the Year
(MegaFon’s IPO)
International Financial Law Review (2013)
North America Equity Issue
(AIG's $20.7 billion follow on)
International Financing Review (2013)
Emerging EMEA Bond
(Russia's $7 billion three-part offering)
International Financing Review (2013)
South Korea Capital Markets Deal
(Samsung's $1 billion 5-year bond)
International Financing Review (2013)
IPO Deal of the Year
(Felda Global Ventures IPO)
Islamic Finance News (2013)
FIG Capital Markets Deal of the Year
(Credit Suisse's $8 billion contingent capital package)
The Banker (2012)
SSA Bonds Deal of the Year
(Mexico's $1 billion 5.75% century bond reopening)
The Banker (2012)
Best Corporate High-Grade Bond
(Mexichem’s $1.15 billion 2022, 2042)
LatinFinance (2013)
Best Corporate Liability Management
(CEMEX’s $7 billion debt exchange)
LatinFinance (2013)
Best Local Currency Financing
(Pemex’s MXP10 billion, 10-year GDN)
LatinFinance (2013)
Best Quasi-Sovereign Bond
(Petrobras’ $7 billion 2015, 2017, 2021, 2041)
LatinFinance (2013)
Best Sovereign Bond
(United Mexican States’ $2 billion 2044)
LatinFinance (2013)
Best Sovereign Liability Management
(Republic of Uruguay’s UYP39.8 billion new issue, tender & exchange)
LatinFinance (2013)
Best Syndicated Loan
(Ternium’s $700 million 5-year loan)
LatinFinance (2013)
Best Trade Financing
(Pemex’s $1.2 billion Ex-Im Bank guaranteed 2022 bonds)
LatinFinance (2013)
Latin American Deal of the Year
(América Móvil's Ps15 billion global peso 10-year bonds)
Euromoney (2012)
Emerging Europe Deal of the Year
(Sberbank's $5.21 billion equity follow-on offering)
Euromoney (2012)
Subordinated Financial Bond of the Year
(Credit Suisse’s Tier 2 Buffer Capital Notes offering)
International Financing Review (2012)
Americas Structured Equity Issue of the Year
(AIG’s sale of $9.5 billion in MetLife securities)
International Financing Review (2012)
EMEA Equity Issue of the Year
(Commerzbank’s €11 billion capital increase)
International Financing Review (2012)
Best Korea Deal of the Year
(Samsung's $1 billion 5-year bond)
FinanceAsia (2012)
Commended Firm for Corporate
(Google's $12.5 billion acquisition of Motorola Mobility)
Financial Times - U.S. Innovative Lawyers Report (2012)
Most Highly Regarded Firms: Capital Markets
Who's Who Legal (2011)
European and Americas Equity Teams of the Year
International Financing Review (2011)
Americas Debt and Equity-Linked Team of the Year
International Financing Review (2011)
Latin America Equity Issue of the Year, Best Follow-On Equity Deal of the Year, Corporate Finance Deal of the Year, Deal of the Year
(Petrobras’ $67 billion follow-on offering)
International Financing Review (2011), LatinFinance (2011), Latin Lawyer (2011), Asian-MENA Counsel (2011)
Americas Equity Deal of the Year
(Bank of America’s preferred share sale of Banco Itaú)
International Financial Law Review (2011)
Asia Equity Deal of the Year
(Vale’s listing of Hong Kong Depositary Receipts)
International Financial Law Review (2011)
Investment-Grade Corporate Bond of the Year
(América Movil’s €2.5 billion bond)
International Financing Review (2011)
Financial Bond-Subordinated Debt of the Year
(HSBC’s $3.8 billion $25 par capital securities)
International Financing Review (2011)
Latin America Loan of the Year
(Americas Mining Corporation’s $1.5 billion loan)
International Financing Review (2011)
Capital Markets Deal of the Year
(Tata Steel’s follow-on public offering)
India Business Law Journal (2011)
#1 Global Equity & Equity-Related Managers’ Counsel
Thomson Reuters, 2012 Rankings (Value)
#1 U.S. Equity & Equity-Related Managers’ Counsel
Thomson Reuters, 2012 Rankings (Value)
#1 EMEA Equity & Equity-Linked Issuers’ Counsel
Bloomberg, 2012 Rankings (Volume, deal count)
#2 Global Straight Debt
Thomson Reuters, 2012 Rankings (Deal count)
#2 U.S. Straight Debt Issuers’ Counsel
Thomson Reuters, 2012 Rankings (Value)
#3 Global Bond Issuers’ Counsel
Bloomberg, 2012 Rankings (Deal count)
#3 U.S. Corporates Issuers’ Counsel
Bloomberg, 2012 Rankings (Volume)
“This US-heavyweight has stellar offerings in debt, equity and structured finance across an impressive range of jurisdictions with its most notable strength being in the USA, London and Latin America. ‘This is a top-notch firm. They know capital markets...’”
"This firm as a whole is renowned for its capital markets practice and solid Latin American presence, and the two areas overlap to make it a leader in the market. The group is strong in all areas of capital markets...‘A group of hard-working, talented people with amazing capital markets skills.’”
Chambers Global (2013)
“This team maintains its outstanding reputation for advising both issuers and underwriters on key transactions including IPOs, equity offerings, and convertible and secured debt offerings. ‘The sheer brain power of their practice is impressive.’ ‘They are consistently good no matter who the partner is and their associates are also very good.’”
Chambers USA (2013)
“Universally acknowledged as a leader in equity work, the capitals markets practice at this firm is often involved in some of the market's largest transactions. It enjoys an impressive client portfolio … Clients and peers recognise and appreciate the international capabilities of the firm."
Chambers Europe (2013)
“This impressive US group is a strong competitor in the debt and equity markets in the region, primarily known for its high-quality work in South Korea together with notable activity in China and India...Sources say: ‘This firm is proactive and is always trying to protect client’s interests while at the same time being reasonable to other professional parties.’”
Chambers Asia (2013)
“Cleary Gottlieb as a whole is renowned for its capital markets practice and solid Latin American presence, and the two areas overlap to make it a leader in the market. … ‘A group of hard-working, talented people with amazing capital markets skills.’”
Chambers Latin America (2013)
“This firm’s international profile in debt, equity and structured finance is formidable, especially in New York, London, Latin America and Russia. It also has a strong presence in the Asia-Pacific region and a well-regarded Middle East practice. ‘Consistently excellent lawyers.’”
Chambers Global (2012)
“This firm has an enviable reputation for its SEC expertise and its international work, acting for Latin American and European clients on a wide range of US debt and equity offerings. The team has been working closely with clients on their recovery from the global economic crisis. … ‘Very robust for international work.’”
Chambers USA (2012)
“This U.S. powerhouse has a notable presence in several major European locations and clearly maintains its position as a leading capital markets adviser.”
Chambers Europe (2012)
Sources say: ‘Cleary’s U.S. practice is very strong; one of the highest-quality U.S. firms.’”
Chambers Asia (2012)
“Cleary Gottlieb continues to invest in its European capability, housing a market-leading liability management team, and a number of experts on the Russian market… The firm is also noted for its high-yield practice, which advised on some of the first high-yield offerings by European companies.”
Chambers UK (2012)
“At ‘top-tier firm’ Cleary Gottlieb Steen & Hamilton LLP, the ‘excellent and intelligent’ team continues to provide market-leading advice on debt capital market transactions to issuer and manager clients. Lauded for its ‘cost-effectiveness’ and ‘superlative industry knowledge and responsiveness,’ the group has widely admired capabilities across all securities matters, and is highly regarded for its depth of experience in advising both U.S. and non-U.S. clients. It is particularly rated for its ‘superb underwriter advice.’”
The Legal 500 U.S. (2012)
“The ‘very strong’ firm is ‘very efficient’ and provides an ‘excellent service.’ Clients say that it is ‘unique’ in the sense that its lawyers are ‘extremely collaborative,’ and is ‘by far the best’ in Latin America.’”
The Legal 500 Latin America (2012)
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