Financial Institutions Capital Markets

Our firm has broad experience as an adviser on securities offerings by major financial institutions. We have been leaders in the development of a wide range of complex capital securities, derivatives and other structured products. We also represent many of the world's leading financial institutions in their equity and senior and subordinated debt offerings. The world's largest financial institutions have relied on us to advise them in their capital-raising efforts during this period of unprecedented government regulation and financial market volatility.

Recognition

  • "Law Firm of the Year," Capital Markets: Equity – Legal 500 2014
  • A client comments: "I can say from experience they have some very very talented associates. I think it's a kind of outstanding talent they have on that level." – Chambers USA 2015

  • 1st tier among global law firms in Debt and Equity Capital Markets – IFLR1000 2013

  • 1st overall in 23 Global and U.S. categories, almost twice as many as the next firm. – Thomson Reuters 1H 2013 rankings

  • 1st in 16 U.S. and global categories, more than three times as many as the next firm. – Bloomberg 1H 2013 rankings

Notable Matters

  • Morgan Stanley ($10 billion). We advised Morgan Stanley on two equity offerings and a non-FDIC guaranteed debt offering totaling over $10 billion dollars, designed to satisfy the Fed’s conditions for repaying the TARP preferred securities. 

  • Sumitomo Mitsui Financial Group ($9.2 billion). We advised Sumitomo Mitsui Financial Group, one of the largest financial institutions in the world, on its $11.1 billion and its previous $9.2 billion global common stock offerings. 

  • Banco Santander (Brasil) ($7.5 billion). We advised Banco Santander (Brasil), the fourth-largest multiple service bank in Brazil in terms of assets, on its $7.5 billion SEC-registered initial public offering of units, including in the form of ADSs. The offering was the largest global IPO in 2009 and the largest-ever IPO in Latin America. 

  • Intel ($5 billion). We advised the joint book-running managers on a $5 billion SEC-registered offering of notes by Intel, a leading designer, manufacturer and seller of integrated circuits for computing and communications industries worldwide. 

  • Santander Mexico ($4.1 billion). We advised Grupo Financiero Santander México, the second-largest financial services holding company in Mexico, on its $4.1 billion global offering, which included a $3.3 billion SEC-registered IPO of ADSs and a $780 million offering of Series B shares. This was the largest equity offering in Latin America in 2012, the largest-ever IPO by a Mexican issuer and the third-largest IPO in the world in 2012. 

  • Banco do Brasil ($1.75 billion). We advised the initial purchasers on a $1 billion offering and $750 million reopening of Tier I perpetual non-cumulative junior subordinated securities by Banco do Brasil, the largest bank in Latin America in terms of total assets. This transaction was the first issuance ever by a Latin American bank of Tier 1 capital securities structured to comply with the expected implementation of Basel III. 

  • FDIC's Temporary Liquidity Guarantee Program. We have advised on numerous debt offerings guaranteed under the FDIC's Temporary Liquidity Guarantee Program by issuers including Morgan Stanley, General Electric Capital and MetLife.

  • Synchrony Financial:
    • ($2.88 billion). We advised the global coordinators on the $2.88 billion IPO and NYSE listing of the common stock of Synchrony Financial, one of the premier consumer financial services companies in the United States. This is the second-largest IPO by a U.S. issuer to date in 2014.
    • ($3.6 billion). We advised the underwriters on the $3.6 billion SEC-registered senior notes offering by Synchrony Financial.