Private Equity Push Yields Roles for Shearman, Sidley, Skadden
Latham M&A partners David Dantzic and Nicholas Luongo, investment management regulatory partner Barton Clark, fund formation partner Nadia Sager, and tax partner Cheryl Coe are all advising Carlyle on the deal with Barclays. Latham has long-standing ties to Carlyle, whose general counsel Jeffrey Ferguson once worked at the firm. Bruce Rosenblum, a managing director at Carlyle and a member of its board, is a former Latham partner. (Carlyle cofounder and coCEO David Rubenstein once worked at Paul, Weiss, Rifkind, Wharton & Garrison and a predecessor firm of Pillsbury Winthrop Shaw Pittman.)
Thompson & Knight, which has close ties to Irving, Texasbased NGP, is advising the energy investor on the sale of a stake to Carlyle. Former Thompson & Knight partner Christopher Ray serves as senior managing director and general counsel for NGP.
Finally, London-based private equity firm Permira announced late Thursday its $1.5 billion cash-and-stock sale of Italian ceramics manufacturer the Marazzi Group to Calhoun, Georgiabased Mohawk Industries, the second-largest maker of rugs and other floor coverings in the United States.
Alston & Bird corporate finance and securities partner R. David Patton is advising Mohawk on the deal, along with the company's general counsel, James Lucke.
As for Permira, it is being advised on the sale by Skadden M&A partner Allison Schneirov, employee benefits partner Regina Olshan, antitrust partners Steven Sunshine and Frederic Depoortere, and tax partner Katherine Bristor.
Skadden advised Permira and Rupert Murdoch's media conglomerate News Corporation earlier this year on their joint $5 billion sale of video streaming software company NDS Group to Cisco Systems. The firm also handled Permira's $500 million acquisition of equipment maker Intelligrated this summer and $2.25 billion sale of Jet Aviation to U.S. aerospace and defense company General Dynamics in 2008.
In October, Permira turned to Clifford Chance and Fried, Frank, Harris, Shriver & Jacobson for counsel on its role in a consortium of investors on their $1.6 billion acquisition of Ancestry.com, according to our previous reports.