Achievements

Latham & Watkins advises the businesses and institutions that power the global economy.

We bring together world-leading talent, with deep sector knowledge and experience, to make our clients’ most ambitious goals a reality. In today’s highly complex and ever-changing world, Latham stands out as a steady market leader capable of assembling at a moment’s notice the exact right team across any set of jurisdictions to seamlessly respond to and execute on client needs.

 

This broad and diversified platform helps us anticipate and address any legal or business challenge anywhere in the world – with flawless execution. With a resilient culture imbued with a spirit of teamwork and innovation, Latham’s work at the cutting edge of commercial, financial, and legal innovation helps our clients thrive.

Our Work

Electric Vehicle charging station system. EV fuel for advanced hybrid car. Modern car automobile technology, clean energy, or environmental conservation concept
Airport
Aerial Tram with Jackson Hole valley and Teton Village below
Fast speedboat racing along the open sea leaving white trail. High angle view from drone (quadcopter) Phantom 3.
Modern building with square balconies seen from below. Modern architecture.
Molecule structure. Genetic engineering of the future. 3d illustration
Aerial view shot tanker ship moving on the sea.
Supreme Court of the United Kingdom in London. Middlesex Guild Hall.
International football player wearing shin guards and cleats positions himself behind a soccer ball on a grass field in big athletic stadium and prepares to kick off professional championship game
columns
Doctor walking down hospital corridor.
Grocery delivery in paper bags outside home entrance - safe, contactless food delivery
Concert Stage
A luxury fashion store with white interior
See also:
Female chemist at work in laboratory.
Sugarcane field at sunset
Modern central computer processors CPU, industry concept close-up view with depth of field effect.
Sports car on scenic road
Dubrovnik, Croatia
Courtroom
Electric Vehicle charging station system. EV fuel for advanced hybrid car. Modern car automobile technology, clean energy, or environmental conservation concept
Advising on £1.6 Billion Debt Financing for Petrol Forecourts Acquisition
Latham’s London and European office teams advised a group of 14 arranging banks on a £1.6 billion debt financing for Motor Fuel Group’s (MFG) acquisition of petrol forecourts from Morrisons. The acquisition will position MFG as one of the largest and most significant ultra-rapid EV charge point operators in the UK, with over 1,300 sites serving and powering millions of customers a week.
Airport
Athens International Airport’s Landmark IPO
A cross-border Latham team advised Athens International Airport S.A. — the operator of the largest airport in Greece with more than 28 million passengers in 2023 — on the listing of its shares on the regulated market of the Athens Stock Exchange (ATHEX). The landmark transaction represents the first major listing in Europe in 2024 and the biggest initial public offering in Greece in over 15 years.
Aerial Tram with Jackson Hole valley and Teton Village below
Jackson Hole Mountain Resort Acquisition
A multidisciplinary Latham team represented the buyer group on all aspects of its acquisition of Jackson Hole Mountain Resort (JHMR), an iconic mountain destination in Teton Village, Wyoming. The buyers, which include JHMR Board Members Eric Macy, Mike Corbat, their families and a small, select group of co-investors, take over for the Kemmerer family after 31 years of ownership.
Fast speedboat racing along the open sea leaving white trail. High angle view from drone (quadcopter) Phantom 3.
Tom Brady’s Big Win
A cross-border Latham team advised NFL icon Tom Brady in an agreement to form Team Brady, leading to the team’s win at the inaugural UIM E1 World Championship race in Jeddah — the all-new electric raceboat competition. On February 3, 2024, the final day of the race concluded with a convincing win by Team Brady, after two days of tense competition in front of thousands of fans on the Red Sea. Brady’s team ownership was announced in July 2023.
Modern building with square balconies seen from below. Modern architecture.
TJC’s US$6.85 Billion Fund Formation
A Latham Investment Funds team represented TJC LP (TJC), a middle-market private equity firm, on the formation of its Resolute Fund VI (the Fund), totaling US$6.85 billion. The Fund was oversubscribed and closed above its initial hard cap of US$6 billion. Institutional investors, including public pension funds, multinational corporations, insurance companies, fund of funds, endowments, foundations, and family offices invested in the Fund.
Molecule structure. Genetic engineering of the future. 3d illustration
BridgeBio Pharma's US$1.25 Billion Cross-Border Funding
Latham has advised BridgeBio Pharma, a commercial-stage biopharmaceutical focused on genetic diseases and cancers, in the largest private capital financing so far in 2024, one of the largest private capital financings in life sciences in the last five years, and one of the largest combined senior debt and royalty transactions in the last decade. The strategic investment brings in capital of up to US$1.25 billion and strengthens BridgeBio’s balance sheet for near term, major commercial launches and other strategic growth programs.
Aerial view shot tanker ship moving on the sea.
Successful Restructuring of Naviera Armas
A cross-border Latham team has advised the committee of senior secured noteholders in the successful completion of the debt restructuring of Naviera Armas group, a leading passenger and freight ferry operator based in the Canary Islands. The complex transaction is one of the first to make use of the new Spanish restructuring framework incorporated into the Spanish Insolvency Act in September 2022, implementing the European Preventive Restructuring Directive. The plan, also impacting the group’s Luxembourg guarantors, is among the first where Spanish courts have issued orders with extraterritorial effect to support a restructuring plan, setting a further precedent for future cross-border restructurings.
Supreme Court of the United Kingdom in London. Middlesex Guild Hall.
Securing Final Victory for Saudi National Bank
Latham obtained another major decision for Saudi National Bank (SNB, formerly Samba Financial Group (Samba) until its merger with National Commercial Bank on April 1, 2021), one of Saudi Arabia’s largest banks, in the context of the claims brought by a Cayman Islands Company, Saad Investments Company Limited (SICL) and its liquidators, that Samba knowingly received trust assets in part settlement of a client’s debts. The UK Supreme Court held that a claim for knowing receipt cannot be made if a claimant’s equitable interest in the property in question has been extinguished by the time of the defendant’s knowing receipt of the property. The judgment represents a development in the law and one of significant relevance to equity and trusts practitioners.
International football player wearing shin guards and cleats positions himself behind a soccer ball on a grass field in big athletic stadium and prepares to kick off professional championship game
Advising Manchester United in Landmark Acquisition Agreement
A Latham corporate deal team advises Manchester United in an agreement under which Chairman of INEOS, Sir Jim Ratcliffe, will acquire 25% of Manchester United’s Class B shares and up to 25% of Manchester United’s Class A shares and provide an additional US$300 million to enable future investment into Old Trafford. INEOS will be delegated responsibility for the management of the Club’s football operations.
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A Defense Verdict for Dow and PPG
For scoring a defense verdict for Dow Chemical following a six-week jury trial in San Francisco, a cross-country Latham team won Am Law’s Litigators of the Week contest and shared with the publication the strategies and tactics deployed to achieve the win. 
Market-Leading Private Credit Loan to Finance Buyout of Adevinta
A Latham London finance team has advised Permira and Blackstone on their landmark private credit loan financing for a voluntary tender offer to acquire all outstanding ordinary Class A shares in Adevinta ASA. Adevinta is the world’s largest online classified advertising business with an extensive footprint and leading marketplace brands. The transaction is one of the largest European buyouts announced in 2023.
Doctor walking down hospital corridor.
Healthpeak Properties’ US$21 Billion Merger With Physicians Realty Trust
A multidisciplinary Latham team advised Healthpeak Properties in its merger with Physicians Realty Trust, a stock-for-stock deal valued at approximately US$21 billion. The combined company will be the leading real estate platform dedicated to healthcare discovery and delivery with a 52 million square foot portfolio.
Grocery delivery in paper bags outside home entrance - safe, contactless food delivery
Advising on Instacart’s IPO
An interdisciplinary Latham team represents the underwriters in the high-profile initial public offering of Instacart, one of the leading grocery technology companies in North America. Instacart’s shares began trading on the Nasdaq Global Select Market on September 19, 2023.
Concert Stage
Litmus Music’s Creative Partnership With Katy Perry
Latham represents music rights business Litmus Music and Carlyle in a financing to support their creative partnership with music artist Katy Perry. The deal covers all five of Perry’s studio albums released for Capitol Records between 2008 and 2020, which include 16 multi-platinum singles.
A luxury fashion store with white interior
Establishing a Global Fashion Powerhouse
A multidisciplinary, cross-border team represents Tapestry, Inc., a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, on its US$8.5 billion acquisition of Capri Holdings Limited, a global fashion luxury group consisting of Versace, Jimmy Choo, and Michael Kors. The deal establishes a powerful global house of iconic luxury and fashion brands.
See also:
Complete Dismissal of Stockholder Challenge to Switch Inc.’s US$11 Billion Take-Private Transaction
A Latham securities litigation team secured a dismissal with prejudice on behalf of the former board members of Switch, Inc. of a purported stockholder class action complaint challenging the US$11 billion take-private transaction of Switch. Showcasing the collaboration of the firm’s deal and litigation teams, Latham guided the clients through the US$11 billion deal on the corporate side, and successfully defended them in the subsequent stockholder class action.
Female chemist at work in laboratory.
Revolution Medicines Acquires EQRx, Inc. in Transaction Worth US$1 Billion
A Latham cross-border, multidisciplinary team advised Revolution Medicine in its acquisition of EQRx, Inc., a move that will enhance Revolution Medicines’ efforts to fulfill its vision to discover, develop and deliver pioneering RAS(ON) Inhibitor drugs on behalf of patients with RAS-addicted cancers. The all-stock transaction is intended to add more than US$1 billion in net cash to Revolution Medicines’ balance sheet.
Sugarcane field at sunset
Another Sweet Victory for U.S. Sugar
A cross-discipline, cross-office team of Latham litigators scored a major victory for client U.S. Sugar when the Third Circuit Court of Appeals unanimously affirmed the Delaware federal court’s September 2022 ruling that the purchase of Imperial Sugar by U.S. Sugar is not only not anti-competitive, but also pro-consumer. In fall 2022 Latham delivered a hat trick of victories in rapid succession, successfully defending U.S. Sugar against the US Department of Justice Antitrust Division (DOJ) challenge to the acquisition. As a result, U.S. Sugar successfully closed its purchase of Imperial Sugar in November 2022.
Modern central computer processors CPU, industry concept close-up view with depth of field effect.
Representing Wolfspeed in One of the Largest Private Capital Financings of 2023

A Latham team advised the publicly traded, leading semiconductor technology company Wolfspeed, Inc. in two financing transactions that total up to US$4 billion, representing one of the largest private capital fundings, largest direct lending transactions, and largest growth financings of 2023. The financing supports Wolfspeed’s previously announced growth plans and is a significant step toward achieving Wolfspeed’s US$6.5 billion global capacity expansion.

Victory in High-Profile Chess Cheating Dispute
A cross-office, multi-department Latham team achieved a decisive victory in the high-profile defamation and antitrust lawsuit brought in Missouri federal court by chess grandmaster Hans Niemann against Latham clients Chess.com. The dispute garnered widespread media coverage, including a segment on ABC’s Nightline, and on June 27, 2023, Judge Audrey G. Fleissig of the Eastern District of Missouri granted defendants’ motion to dismiss, tossing Niemann’s federal antitrust claims with prejudice.
Sports car on scenic road
Porsche's €2.5 Billion Sustainability-Linked Syndicated Financing
Latham’s finance team advised Dr. Ing. h.c. F. Porsche Aktiengesellschaft (Porsche) on a sustainability-linked syndicated loan agreement with a total committed volume of €2.5 billion. The revolving credit facility is provided by a consortium of banks from Europe, Asia, and America with a sustainability component that links the financing conditions to the development of the share of purely electric vehicles delivered in total sales.
Dubrovnik, Croatia
Securing Victory for Republic of Croatia
Latham successfully defended the Republic of Croatia in an investment treaty claim brought by a Dutch investment vehicle, Elitech BV, relating to potentially developing several golf courses, hotels, and other luxury facilities overlooking the World Heritage Site of the Old City of Dubrovnik. The Elitech claimants argued that the Republic of Croatia had unfairly denied the investors the approvals necessary to develop the golf resort and failed to provide an effective means of legal recourse. Latham secured victory, with the arbitral tribunal finding that Croatia was not liable in any way and the claim for damages should be rejected.
ACG’s US$1 Billion Brazilian Mine Acquisition

A Latham London team advised the placement agents on ACG's US$1 billion acquisition of two cash-generative mining operations in Brazil. The deal creates a major new force in global critical metals focused on the western electric vehicle value chain. The mines produce nickel sulphide and copper concentrates that are refined in Europe and North America and then supplied to car manufacturers. The Atlantic Nickel, a nickel sulphide mine in Santa Rita, and the Mineraçao Vale Verde, a copper mine in Serrote, will be acquired on a cash- and debt-free basis.

Courtroom
Defending Oracle's US$9.4 Billion NetSuite Deal
Latham successfully defended Oracle’s Larry Ellison and Safra Catz in one of the largest acquisitions to face a stockholder challenge through trial in the Delaware Court of Chancery. The stockholder derivative suit brought by certain Oracle investors challenged Oracle’s 2016 US$9.4 billion acquisition of NetSuite, Inc, alleging that Mr. Ellison used his control of Oracle — with the assistance of Ms. Catz, Oracle’s CEO — to cause Oracle to acquire and overpay for NetSuite, which Mr. Ellison co-founded and was a substantial investor. At trial, Latham demonstrated that plaintiffs’ claims were meritless and Vice Chancellor Sam Glasscock III issued a 101-page opinion in favor of Mr. Ellison and Ms. Catz.
Rubin, Michael H.

Protecting Innovation

Bay Area Partner Named Litigation Trailblazer

National Law Journal selected Michael Rubin for his groundbreaking technology and privacy practice.

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Sadanandan, Jayanthi

Deal Value Leader

London Partner Named to Top 10 EMEA Finance Lawyers List

Financial News recognizes Jay Sadanandan for her roles on major financing deals in 2023.

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