Former California State Assembly Majority Leader Dario Frommer Joins Akin Gump

Akin Gump today announced that Dario J. Frommer has joined the firm as a partner in its public law and policy practice in Los Angeles. Mr. Frommer is a former majority leader of the California State Assembly and has held a variety of high-level state government positions. He comes to Akin Gump from Mayer Brown and will lead the firm’s California public law and policy practice.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | Los Angeles

Morrison & Foerster Adds Leading Project Finance Partner Jeffrey Chester in Los Angeles

Morrison & Foerster announced today that Jeffrey A. Chester, a well-known and highly-respected project finance and renewable energy lawyer, has joined the firm as a partner in Los Angeles. Mr. Chester advises on global capital-raising transactions for the renewable and alternative energy space. He has closed more than 50 wind-power and two dozen solar-power project financings, including a 1,550-megawatt power purchase agreement by Southern California Edison, the largest wind-power purchase agreement in history.

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Tags:  Morrison & Foerster LLP | Los Angeles

McDermott Advises Premier in $874 Million IPO

International law firm McDermott Will & Emery represented Premier, Inc. (NASDAQ: PINC), a national healthcare alliance, in connection with its initial public offering of 32,374,751 shares of Class A common stock, including 4,222,793 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares to cover over-allotments.

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Tags:  McDermott Will & Emery LLP | Los Angeles

Milbank Represents KKR Asset Management and Affiliates in $300 Million CLO Upsize

Milbank, Tweed, Hadley & McCloy LLP recently represented affiliates of KKR Asset Management LLC (KAM) in connection with the upsize by $300 million of the existing KKR Financial CLO 2011-1, Ltd. secured financing transaction, permitting the CLO issuer to borrow up to an incremental $225 million to purchase senior secured corporate loans. In connection with the upsize, KKR Financial Holdings LLC increased its residual interest in the transaction through the acquisition of an additional $75 million of subordinated notes. The transaction initially closed in March 2011 and was previously upsized in July 2011.

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Tags:  Milbank LLP | Los Angeles