Michael Dell and Silver Lake Management LLC today completed the buyout of Dell Inc. Valued at $24.9 billion, the transaction is reported to be the largest leveraged buyout completed since 2007 and one of the largest buyouts in history.  Prior to the go private transaction, Dell had been a publicly traded company for more than a quarter century. Dell stockholders received $13.75 in cash for each share of Dell common stock they held. That is in addition to a special cash dividend of 13 cents per share for total consideration of $13.88 per share in cash.

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Cravath represented Crown Castle International Corp. in connection with its US$3.063 billion offering of 41,400,000 shares of its common stock and its US$977.5 million offering of 9,775,000 shares of its Mandatory Convertible Preferred Stock. Crown Castle expects to use the net proceeds from these offerings to finance a portion of the consideration to be paid to AT&T Inc. and its affiliates in connection with the recently announced tower transaction between Crown Castle and AT&T. The offerings closed on October 28, 2013. Crown Castle owns, operates and leases towers and other infrastructure for wireless communications.

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Brown Rudnick LLP is pleased to announce that Alejandro Fiuza has joined the Firm’s Boston and New York offices as a partner in the Corporate Practice Group.

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International law firm Clifford Chance has advised AMC Networks on its definitive agreement to acquire substantially all of Chellomedia, the international content division of Liberty Global, for EUR 750 million (approximately USD 1.035 billion). The transaction is expected to close in the first quarter of 2014.

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Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in the initial public offering by CommScope Holding Company, Inc. (“CommScope”), a portfolio company of The Carlyle Group (“Carlyle”), of an aggregate of 38,461,537 shares of its common stock. A total of approximately $576.9 million in proceeds was raised in the offering. CommScope received approximately $461.5 million in gross proceeds from the offering and the remaining $115.4 million in gross proceeds were received by an affiliate of Carlyle as selling stockholder. CommScope intends to use the net proceeds of the offering, together with cash on hand, to repay outstanding indebtedness.  CommScope shares are now listed on the NASDAQ Global Select Market under the ticker symbol “COMM”.

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Shearman & Sterling represented the underwriters, led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, in connection with CSX Corporation’s public offering of $500 million aggregate principal amount of its 3.700% Notes due 2023.

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Gibson, Dunn & Crutcher LLP is pleased to announce that Jose W.  Fernandez, the former Assistant Secretary of State for Economic, Energy and Business Affairs, has joined the firm as a partner in the New York office.  During his tenure, Fernandez led the bureau that was responsible for overseeing all aspects of the State Department’s commercial diplomacy worldwide.  At Gibson Dunn, he will focus his practice on mergers and acquisitions and finance in emerging markets in Latin America, the Middle East, Africa and Asia.“Throughout his career in private practice, Jose focused on M&A and finance, including project finance, privatizations and restructurings, primarily in Latin America and Africa,” said Ken Doran, Chairman and Managing Partner of Gibson Dunn.  “And during his tenure with the State Department, Jose further deepened and broadened his emerging markets experience to Europe, Asia and the MENA region.  He also gained substantial experience in important areas of U.S. law that are critical to major global clients, including trade sanctions and CFIUS, which will complement our existing regulatory expertise and enable us to deliver a more comprehensive compliance package to our clients throughout the world.”

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In one of the largest unsecured credit financings ever in the aircraft leasing industry, Milbank, Tweed, Hadley & McCloy represented a group of leading financial institutions in providing an $850 million revolving credit facility for leading aircraft lessor Aviation Capital Group.

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Cravath represented the initial purchasers, led by Credit Suisse, RBC Capital Markets, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley, in connection with the US$1.6 billion 144A/Reg. S high-yield senior debt and senior payment-in-kind (PIK) “toggle” debt offering of Mariposa Borrower, Inc. and Mariposa Merger Sub LLC, issuers controlled by Ares Management and the Canadian Pension Plan Investment Board. Cravath also represented the lead arrangers, led by Credit Suisse, RBC Capital Markets, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley, of a $2.9 billion term loan to Mariposa Merger Sub LLC. The financing was in connection with the acquisition of Neiman Marcus Group LTD Inc., one of the largest luxury, multi-branded, fashion retailers in the world. Cravath previously represented Credit Suisse as joint lead arranger of committed financing in connection with the acquisition. The transaction was completed on October 25, 2013.

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Holland & Knight is enhancing its Latin America and Financial Services practice groups in New York with the addition of partner Stephen Double. Mr. Double represents investment banks, financial institutions and corporations worldwide in connection with capital markets, lending, securitizations and other finance transactions, with a primary focus on Brazil and Latin America.

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