Milbank LLP

Milbank advised global growth investor Summit Partners in connection with a partial sell down of its investment in Odoo SA, a Belgium-based leader in open source all-in-one business software, to institutional investors. The transaction forms part of a €500M financing round led by CapitalG and Sequoia Capital, with participation from BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP and Alkeon, which values Odoo at €5B. The Milbank team was led by Global?Corporate?partner?Andrej Wolf?with support from associate?Daniel Woods?and trainee Yumi Noguchi. Read more: https://lnkd.in/ejWiBT8g ?

Milbank advises EQT on sale of Melita to Goldman Sachs Alternatives. Melita is a leading digital infrastructure owner and operator in Malta with a fully invested fiber-powered fixed network as well as a nationwide 5G mobile network with its own towers, backhaul and small cell footprint. The transaction is subject to conditions including regulatory approvals. The Milbank team advising EQT Group on the transaction was led by partner Markus Muhs and included partner Lara Watt, James McClymont, Ajal Notowicz and Andrea Hamilton and special counsel David Schwenneker, Andrew Callaghan, as well as associates Janik Klotzsche, Jana Kasakow, and Daniel Carolan. https://lnkd.in/gyz4k8q3

Milbank advised the underwriters in connection with NatWest Markets Plc’s offering of $750M additional tier 1 capital notes. The Milbank team was led by Corporate Finance and Securities partner David Dixter, associates Kristian Sutt, Lefteris Dafermos, Matteo Bonacina, Andrew Wells and law clerk Christina Mouttet.

Milbank Global Risk & National Security and Transportation and Space partner Bijan Ganji was featured in Financier Worldwide Magazine’s 2024 Power Players list as a distinguished adviser for International Trade and Sanctions. In a Q&A with the publication, he discussed the multifaceted approach that he takes when addressing complex legal issues that arise within his practice, expectations for the expansion and growth of the international trade and sanctions areas, and the value of mentorship, among other topics: https://lnkd.in/e_H5M7Zt

Milbank Financial Restructuring London partner Kate Colman spoke on a panel titled “Guerrillas in our midst: international actions to thwart UK restructurings” at the Global Restructuring Review Live: Contentious Insolvency and Restructuring Conference in London on 20 November 2024. She was joined by Oliver Rule, partner, Enyo Law and Ben Shaw KC, barrister, Erskine Chambers. The panel was moderated by Georgina Peters, barrister, South Square. ? The panel took a deep dive into the challenges to UK restructuring processes via guerrilla “back-door” action. It also explored whether UK processes have suffered from the lack of asserted extraterritorial effect, especially post-Brexit. More information can be found here: https://lnkd.in/eam3Cszr

Milbank advised the note purchasers in connection with the private placement by Borr IHC Limited, Borr Finance LLC and certain other subsidiaries of NYSE and Oslo Stock Exchange-listed Borr Drilling Limited of approximately $180M in aggregate principal amount of senior secured notes due 2030.?The Milbank team was led by Corporate Finance and Securities partners Apostolos Gkoutzinis and Trevor Truman, associate Manel Mostefaoui and legal assistant Kyriaki K. Read more: https://lnkd.in/ggJMDkfp

Milbank advised Lumina Capital Management in connection with the refinancing of New Fortress Energy Inc.’s business in Brazil, which comprises an integrated portfolio of LNG terminals and downstream gas/power projects. The Milbank team advising Lumina was led by?Dan Bartfeld?and?Jonathon Jackson?in New York, and?Tobias Stirnberg?in S?o Paulo. The team also included special counsel?Fernando Capell?o, associates?Elora Farias?and?Natália Marques d'Avila?and international attorney Rafaella Boccia. Read more:?https://lnkd.in/e5SDz7gT

Earlier this week, Milbank partner Gurbir Grewal delivered the 2024 Frank H. Menaker Corporate Integrity & Ethics Lecture at the American University Washington College of Law. The lecture honors the legacy of Frank Menaker, who served as Senior Vice President and General Counsel at Lockheed Martin, among other roles, and was responsible for creating one of the earliest and most robust corporate compliance and ethics frameworks. During his lecture, Gurbir drew on his nearly two decades of experience as a prosecutor and regulator, and shared his observations regarding the major corporate scandals and frauds of that period, including a number that he investigated, the negative impact they have had on the public’s trust and confidence in our markets, and strategies to effect proactive compliance.?

Milbank #Antitrust?partner and former FTC Chief Trial Counsel?James Weingarten?discussed potential changes to the current antitrust #enforcement regime under the new presidential administration for a recent Global Competition Review article. Read more: https://lnkd.in/ec2ERmjn

Milbank’s London office had the pleasure of co-hosting the European Leveraged Finance Association (ELFA) Annual Conference 2024. The event brought together ELFA members alongside invited borrowers, regulators, advisers and banks to network and discuss key market issues. Milbank’s European Leveraged Finance/Capital Markets partner Apostolos Gkoutzinis delivered an introduction to the event and discussed trends and market dynamics on the high yield panel; Alternative Investments partner Alex Martin spoke on a panel addressing the impact of CLOs on the leveraged finance market; and European Leveraged Finance/Capital Markets partner Alexandra Grant participated in a panel discussion focused on private credit. ? Thank you to everyone who attended, we look forward to connecting again soon!