Shearman And Sterling

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Shearman & Sterling Antitrust Practice Selected as a Law360 Practice Group of the Year

January 18, 2022

Shearman & Sterling’s Antitrust practice has been recognized by Law360 as a “Practice Group of the Year” in the Competition/Antitrust category. Winning practice groups are selected based on the breadth and significance of the matters highlighted and the complexity of the firm’s work during the past year.

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FLEX Capital’s Acquisition Financing of AMPAREX and IPRO

January 18, 2022

Shearman & Sterling advised FLEX Capital on the financing of the acquisition of AMPAREX GmbH, the market leader in software for hearing care professionals, and IPRO GmbH, the market leader in software for opticians. The Berlin-based investment company FLEX Capital is thus laying the foundation for a software group of companies for "other service providers" in the healthcare sector.

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James Webber Named in The Lawyer 's Hot 100 2022

January 17, 2022

Shearman & Sterling Antitrust partner James Webber has been listed as one of The Lawyer's Hot 100 for 2022. The Lawyer Hot 100 is an annual report identifying the most innovative and creative lawyers in the UK for the past year.

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TPG’s $1 Billion Initial Public Offering

January 14, 2022

Shearman & Sterling advised TPG Inc. on the executive compensation, equity incentive, and senior executive and founder retention matters and related governance and disclosure considerations in connection with its initial public offering of 33,900,000 shares of common stock at a price to the public of $29.50 per share, resulting in total gross proceeds of approximately $1 billion.

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DBAG Fund VIII on the Acquisition of a Majority Stake in in-tech GmbH

January 12, 2022

Shearman & Sterling represented funds advised by Deutsche Beteiligungs AG (DBAG) on the acquisition of a majority stake in in-tech GmbH (in-tech), a technology company for engineering services and software, from the two founders. Alongside the fund, DBAG will hold a stake of around 15% in in-tech. The closing of the transaction is inter alia subject to approval by the competent antitrust authorities and expected in the first quarter of 2022. The founders will continue to hold a non-controlling interest in in-tech.

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Inaugural Social Bond Offering by Banco do Brasil

January 11, 2022

Shearman & Sterling advised Banco do Brasil, acting through its Grand Cayman Branch, in connection with the offering of an aggregate principal amount of US$500 million 4.875 percent social bonds due 2029 issued under its Euro Medium Term Note Program.

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Litigation Team Prepares Amicus Brief for WLF Urging Supreme Court to Clarify Disclosure Obligations Under Federal Securities Law

January 10, 2022

Partner Lyle Roberts, counsel George Anhang and associate Michael Holt prepared an amicus brief on behalf of the Washington Legal Foundation filed on December 13, 2021 asking the U.S. Supreme Court to review and reverse a decision of the U.S. Court of Appeals for the Ninth Circuit that would hold companies liable for failing to include irrelevant and stale information in their forward-looking risk disclosures.

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Ford Motor Credit Company’s $2 Billion Notes Offering

January 10, 2022

Shearman & Sterling LLP represented the underwriters in connection with Ford Motor Credit Company’s offering of two tranches of notes totaling $2,000,000,000 aggregate principal amount.

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The Bank of Nova Scotia’s $3.25 Billion Senior Medium-Term Notes Offering

January 10, 2022

Shearman & Sterling represented The Bank of Nova Scotia in connection with its registered offering of $300 million aggregate principal amount of floating rate senior medium-term notes due 2025, $1.35 billion aggregate principal amount of 1.450 percent senior medium-term notes due 2025, $750 million aggregate principal amount of 1.950 percent senior medium-term notes due 2027 and $850 million aggregate principal amount of 2.450 percent senior medium-term notes due 2032 under its U.S. senior medium-term notes program.

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Litigation Team Prepares Amicus Brief for WLF Urging Second Circuit to Grant Interlocutory Review In Prominent Securities Class Action

January 10, 2022

Partners Lyle Roberts, Mark D. Lanpher, counsel George Anhang, associate Billy Marsh, and associate Fatou Waggeh prepared an amicus brief on behalf of the Washington Legal Foundation filed on January 5, 2022, asking the U.S. Court of Appeals for the Second Circuit to review the application of recent U.S. Supreme Court precedent for securities class actions.