A slew of deals were announced on Tuesday, representing an uptick in mid-size to multi-billion dollar deals in industries from media to hospitality. And of course that meant more work for transactional lawyers at many firms.
In one of the more notable deals, Simpson Thacher & Bartlett LLP represented Blackstone Group LP in its purchase of Strategic Hotels & Resorts Inc. for about $3.93 billion. Strategic Hotels, which owns luxury properties such as Manhattan’s Essex House and the Ritz-Carlton in Half Moon Bay, California, turned to Sidley Austin LLP for advice.
M&A partner Brian Stadler and real estate partner Greg Ressa of Simpson Thacher led the team at the firm representing Blackstone.
Corporate partner Imad Qasim and corporate governance and M&A partner Tom Cole led the team at Sidley representing Strategic Hotels.
In the media industry, Fried Frank Harris Shriver & Jacobson LLP represented Media General Inc. in its $2.4 billion acquisition of Meredith Corp. Cooley LLP, and McDermott Will & Emery LLP advised Meredith in the deal which will create one of the largest owners of local U.S. television affiliates.
The Fried Frank team representing Media General included partners Philip Richter, Joshua Thomas Coleman, Robert McLaughlin and Joshua Wechsler, corporate; Bernard Nigro Jr., antitrust and competition; Donald Carleen, executive compensation and employee benefits; Henry Lebowitz, intellectual property and technology; Peter Simmons, litigation; Michael Alter, tax; and corporate special counsel Howard Fine and David Zilberberg.
From Cooley representing Meredith are partners Kevin Mills, Barbara Borden, Michael Basile, David Walsh, Kathleen Goodhart, Seth Rafkin and Lesse Castleberry, along with special counsel John Logan, Thomas Twedt, Parker Erkmann and Keith Ranta.
From McDermott Will representing Meredith are partners Tom Murphy and Eric Orsic, corporate; Joseph Adams, employee benefits; Timothy Shuman and Daniel Zucker, tax; and Michael Sorrow and David Herpe, private client practice.