Shearman & Sterling is advising 1373113 B.C., as Borrower for a management-led group consisting of officers and employees of Canaccord Genuity Group and its subsidiaries, in connection with a take-over bid and management-led buyout of Canaccord Genuity. HPS Investment Partners has committed to provide a C$825million senior secured first-lien term loan to finance the transaction.

The Shearman & Sterling Antitrust and Litigation Teams have been nominated for the GCR Awards 2023 with the Booz Allen Hamilton/Everwatch case in the category Merger Control Matter of the Year: Americas.

Shearman & Sterling’s antitrust practice again features in Global Competition Review’s (GCR) 2023 Global Elite rankings. The ranking, part of the extensive GCR 100 research into the world’s best competition practices, details the work of the world’s best 25 global competition law practices.

Shearman & Sterling is representing Credit Suisse Securities (USA) LLC who is acting as capital markets advisor to L Catterton Asia Acquisition Corp. (LCAA) in connection with a proposed business combination between LCAA and Lotus Technology Inc. (Lotus Tech). The business combination values the combined company at approximately US$5.4 billion (pro forma enterprise value).

Shearman & Sterling advised its client, Greenidge Generations Holdings Inc., in a restructuring of a material portion of its debt and its business. In a novel transaction, the company, which has historically been mining bitcoin at two facilities in upstate New York and South Carolina, transferred a significant portion of its mining rigs to NYDIG, its equipment lender, in exchange for significant debt reduction and 5-year hosting arrangements with NYDIG.

Shearman & Sterling represented Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan, Mizuho, BNP Paribas, Credit Agricole CIB, Rabo Securities, BBVA and Truist Securities, as joint book-running managers, in connection with an offering by Sealed Air Corporation and Sealed Air Corporation (US), as co-issuers, of $775 million aggregate principal amount of their 6.125% senior notes due 2028. A portion of the net proceeds from the notes offering was used to finance Sealed Air’s previously announced acquisition of Liqui-Box and to repurchase any and all of its outstanding 4.500% senior notes due 2023 pursuant to a concurrent tender offer.