Ivan Presant and Joseph Cosentino have joined Clifford Chance as M&A partners in New York. The two were previously partners at Dewey & LeBoeuf, where they represented clients on a wide variety of acquisitions, dispositions and other mergers and acquisitions-related activity.
This is the second multi-lateral arrival announced by Clifford Chance in recent months. In October, the U.S. firm brought aboard three former federal prosecutors – David Raskin, Chris Morvillo and Edward O'Callaghan – to bolster its White Collar litigation practice and trial experience in New York.
Mr. Presant, 42, has extensive experience advising domestic and multinational companies as purchasers, sellers and investors in a wide range of business combination transactions involving both public and private companies. He regularly represents clients on mergers, tender offers, auctions, stock and asset acquisitions and dispositions, and joint ventures. Mr. Cosentino, 41, has represented acquirers, targets, boards of directors, special committees, investment banks, and investors involved in intricate negotiated and unsolicited public and private transactions. He has significant experience in both domestic and international transactions across a wide array of industries, including telecommunications, technology, entertainment, pharmaceutical, insurance, and energy and utilities.
"We have one of the leading international M&A practices in the world and our Americas team has a strong track record in complex transactions, both domestic and cross-border," said Matthew Layton, who leads Clifford Chance's global Corporate practice area. "As a next step in our evolution we are continuing to deepen and strengthen our team in the States. The recruitment of Ivan and Joe is an exciting development and I have no doubt that they will make immediate contributions."
Companies that Mr. Presant and Mr. Cosentino have advised include Allstate, CNET, Dell, eBay, John Hancock, Talbots, King Pharmaceuticals (now part of Pfizer), CKx, Inc., Alberta Investment Management Corporation and Walt Disney.
"In addition to working on large contested matters, Ivan and Joe have also represented clients in several of the industry sectors we're focused on as a firm," said Brian Hoffmann, co-head of the Americas Corporate practice at Clifford Chance. "Their backgrounds support what we are working to accomplish strategically in the U.S., and their collaborative working styles make them a perfect fit for us culturally. I'm very happy to welcome them to our team."
Along with Mr. Presant and Mr. Cosentino, the M&A team in New York is being further bolstered by the return this month of John Graham, a Clifford Chance corporate partner who had been seconded to the firm's Abu Dhabi office since 2009. While in the United Arab Emirates, Graham helped to build and serve the firm's growing Middle Eastern client base.
Clifford Chance is advising long-standing client The Royal Bank of Scotland Group plc on the sale of the RBS Aviation Capital business for $7.3 billion (£4.7 billion).
The RBS Aviation Capital business is being sold to Sumitomo Mitsui Banking Corporation following a highly competitive auction process. The sale, which is conditional on various anti-trust and regulatory approvals, is expected to complete no later than the end of Q3 2012.
RBS Aviation Capital is the world's fourth largest commercial jet aircraft operating lease company with a fleet of over 200 aircraft. The sale is the largest ever aircraft leasing company disposal.
Corporate partner David Pudge led the multi-disciplinary, multi-jurisdictional team with fellow corporate partners Joel Ziff and Simon Tinkler and senior associate Robert Hill and aircraft finance partner William Glaister and senior associate Paul Carrington. Expertise was also drawn from Jonathan Elman (tax) and Greg Olsen (anti-trust) together with colleagues in many of our other practice areas and offices including New York, Tokyo, Sydney and Shanghai.