McDermott Will & Emery is a notable global law firm. Though the firm is headquartered in Chicago, it is truly an international firm, with locations in 14 offices in the United States and nine offices across Europe and Asia.
The firm does notable work across many financial and corporate practice areas including banking, capital markets, investment funds, M&A, private equity, project finance, project development, and restructuring and insolvency.
In banking
work, the firm
represents borrowers and lenders in term loans, secured and unsecured credit facilities, subordinated debt facility and refinancings. The main offices for the team are based in Illinois and California.
Most of the work done in the capital markets practice is in relation to acquisitions and strategic investments. The team is active in debt and equity capital markets work,
representing issuers in investment grade bond issuances on the debt side and public share offerings on the equity side.
The investment funds team is active in hedge funds and private equity funds, where it represents sponsors and fund managers.
The M&A team
represents private equity and strategic buyers and sellers in acquisition,
mergers and corporate reorganization related matters. Though it has experience across numerous industries, it is most prevalent in the manufacturing, food and beverage, financial services, technology and healthcare industries. Most of the group is based in their Atlanta, New York, Boston, California, Chicago, Washington D.C., Texas and Miami offices.
The firm’s private equity practice work includes both buyouts and investment funds, where the team acts for private equity firms in acquisitions and fund formations. The private equity funds group
maintains strongholds in New York, San Francisco,
Chicago and Washington DC.
In project development, the firm acts for developers and financial sponsors in projects in the energy and power industries, especially renewable energy.
In real estate, the team
represents lenders in mortgage loans, mezzanine loans, acquisition financing, joint
ventures and acquisitions.
In restructuring and insolvency work the firm
represents creditors, debtors and trustees in insolvency, financial restructuring, Chapter
11 and Chapter 9 bankruptcy cases.
Key clients for the firm include Natixis Real Estate Capital, Apollo Global Management, JPMorgan Chase Bank, Fireman Capital Partners, Rhône Group, Goldman Sachs Asset Management, US Bank, HIG Capital, Peak Rock Capital,
The Coca-Cola Company, Scout Clean Energy, AES, CS Energy, Premier and Wells Fargo Capital Finance.
Research period review: 33rd edition (2022/2023)
Throughout the research period, the banking team represented borrowers and lenders in acquisition financing and general corporate financing.
The capital markets team represented companies and sponsors in IPOs and
DeSPAC transactions.
The hedge funds practice represented fund managers in regulatory and compliance issues, as well as fund launches.
In M&A and private equity, the team acted for acquirers and sellers in public acquisitions and private equity buyouts, as well as asset acquisitions, internal restructurings, and mergers and strategic partnerships. Though the team worked across a variety of industries, it was particularly active in the healthcare and life sciences industry.
In addition to private equity buyouts, the private equity team also represented fund managers in fund launches, acquisitions and investments.
The
projects team was active across the energy industry,
representing developers. The team
largely worked on renewable energy projects, namely wind and solar power. In addition to project developments, the team
assisted in project acquisitions and
financings.
The restructuring and insolvency practice worked with debtors,
trustees and creditors in
numerous Chapter 11 and 7 insolvencies. It also worked with clients on out-of-court restructurings.
With regard to lateral moves, private equity partner Luc Jansen joined from Kirkland & Ellis and Prem
Armarnani joined from Skadden.
The two also support the hedge and private equity funds teams.
Project development partner Shah Jahan
Khandokar joined the
firm from Hogan Lovells. The capital markets team had several hires: Ari Edelman from Reed Smith, Merril
Kraines and Todd Kornfeld from Troutman Pepper, Anand
Saha from Clifford Chance, and
Sunyi Snow from
Hunton Andrews
Kurth. Restructuring partners Nathan Coco and Megan
Preusker left the firm to move to
Mintz Levin.
Deal highlights: 33rd edition (2022/2023)
Doral Renewables $685 million solar facility development and financing
H.I.G. Europe Middle Market LBO fund launch
H.I.G. Realty Partners IV fund launch
Prime Therapeutics $1.35 billion acquisition of Magellan Rx Management
Quorum Health Corporation Chapter 11
Swire Beverages
$1.02 billion acquisition of Coca-Cola Company’s assets
