Simpson Thacher Represents Issuer in $177 Million Initial Public Offering by Western Asset Middle Market Debt Fund Inc.

Simpson Thacher represented Western Asset Middle Market Debt Fund Inc. (the “Fund”) in connection with its $177 million initial public offering of common stock. The Fund’s common stock will not be listed for trading on any securities exchange. Beginning in 2014, the Fund intends, but is not obligated, to conduct annual tender offers for up to 10% of its common stock then outstanding in the sole discretion of its board of directors. It is anticipated that the Fund will terminate on or before December 31, 2020.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Paul Hastings Represents Lead Arrangers in Consolidated Precision Products Corp.’s Acquisition of the Turbine Technologies Group of Esco Corporation

Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS AG, Stamford Branch, as administrative agent and UBS Securities LLC and General Electric Capital Corporation as joint lead arrangers for the senior secured financing of Consolidated Precision Products Corp.’s acquisition of the Turbine Technologies Group of ESCO Corporation from ESCO Corporation and ESCO Turbine Components Europe, sprl. The senior secured financing consists of a $515,000,000 first lien senior secured term loan and revolving credit facility and $185,000,000 second lien senior secured term loan facility. Consolidated Precision Products Corp. is a leading manufacturer of highly-engineered castings serving the commercial aerospace, military and industrial markets and is owned by private equity firm Warburg Pincus.

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Tags:  Paul Hastings, LLP | New York

Former Blackstone Counsel Joshua B. Rovine Rejoins Sidley Austin LLP’s Pooled Investment Entities Group in New York from The Blackstone Group

Sidley Austin LLP announced today that Joshua B. Rovine, former General Counsel of Advisory Services at The Blackstone Group and Chief Compliance Officer of Blackstone Capital Partners, has rejoined the firm’s Pooled Investment Entities (PIE) Group as a partner in New York. He will also be a member of the firm-wide Investment Funds, Advisers and Derivatives (IFAD) Practice, concentrating primarily on hedge fund and fund of funds formation (including buy-side representations), as well as investment adviser regulation and compliance. Mr. Rovine was previously a partner at Sidley from 1998 – 2002.

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Tags:  Sidley Austin LLP | New York

Paul Hastings Represents Sterling Organization in Forming First Fund

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Sterling Organization, a privately owned retail real estate investment and services company headquartered in Palm Beach, FL , in forming its first fund, Sterling Value Add Partners, LP, which has received total capital commitments of $138 million, exceeding their target of $125 million.

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Tags:  Paul Hastings, LLP | New York

McDermott Strengthens New York Corporate Practice

McDermott Will & Emery LLP today announced that corporate lawyer Robert H. Cohen has joined as a partner based in the Firm’s New York office. Mr. Cohen, who joins from an Am Law 10 law firm, has nearly 30 years of experience representing issuers and underwriters in a broad range of corporate, M&A and financing transactions.

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Tags:  McDermott Will & Emery LLP | New York