January 14, 2016
Weil’s Capital Markets practice was recently profiled by Law360 in a follow-up to its recent Practice Group of the Year award for 2015. This is the second consecutive year Weil’s Capital Markets practice has been recognized with this honor. The profile notes how the attorneys spent 2015 guiding such high-profile transactions as GE Capital’s $36 billion bond exchange offer and Black Knight Financial Services’ $507 million initial public offering.
Alex Lynch, head of Weil’s Capital Markets practice, described the types of deals the Weil team takes on noting, “We typically don’t do cookie-cutter types of transactions. We’re really working on some of the most complex types of deals that are occurring in the market.”
Weil played a significant role in GE’s strategic plan to sell most of GE Capital’s assets in 2015 by advising GE Capital on a $36 billion debt exchange offer, swapping new notes for existing debt to capitalize a new European affiliate called GE Capital International Funding Co. After guiding GE’s Synchrony Financial unit to a $2.9 billion IPO in 2014, Weil’s team also helped GE finish its separation from Synchrony Financial by guiding a $20 billion offer to let GE shareholders trade in shares for Synchrony stock in October.
Weil also helped issuers manage some tough disclosure issues in the equity space. Before Black Knight Financial Services Inc. could complete its May IPO, Weil had to advise the company on how to represent its financial results – a complicated issue because the company had been formed by combining acquired businesses and existing FNF businesses and did not have one set of financials representing the whole company.
Weil also completed IPOs for retailer Ollie’s Bargain Outlet Inc. and plastics equipment manufacturer Milacron Holdings Corp.