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Hogan Lovells advises McCormick & Company on US$1bn debt offering

Global law firm Hogan Lovells advised McCormick & Company, Inc. (McCormick) on an aggregate of US$1bn of new debt issuances.

McCormick, which manufactures, markets and distributes spices, seasoning mixes, condiments and other flavourful products to the entire food industry, offered and sold US$500m aggregate principal amount of 0.900% notes due 2026, and US$500m aggregate principal amount of 1.850% notes due 2031.

The Hogan Lovells team advising McCormick was led by capital markets partners Alex Bahn (Washington DC; Philadelphia) and Eve Howard (Washington DC), tax partner Scott Lilienthal (Washington DC), capital markets senior associate Phillip Schuster (New York), corporate associate Sarah Branch (Washington DC), and tax senior associate Caitlin Piper (Washington DC).

The Hogan Lovells U.S. capital markets team regularly advises clients on complex and high-value offerings of debt, equity, and hybrid securities. Our issuer clients include some of the most recognisable corporate names in America. We are able to structure and execute capital markets transactions in order to maximise client goals, including developing innovative transactional structures.

Hogan Lovells boosts Jakarta practice

International law firm Hogan Lovells is pleased to announce that Mochamad Kasmali will be joining the Hogan Lovells DNFP office in Jakarta as a Corporate & Finance partner in the Infrastructure, Energy, Resources and Projects practice. Mochamad has held both in-house and private practice executive roles and most recently was Managing Partner with one of the leading Indonesian domestic firms.

Mochamad is a mining and oil and gas specialist with more than 23 years of experience acting for clients in the energy and resources, mining, power and environmental sectors, on a wide range of corporate matters, including employment. He has advised on some of the biggest infrastructure and M&A projects in Indonesia and for some of the biggest mining companies in the world, including Newmont and BHP.

Commenting on Mochamad’s appointment, Global Head of the Hogan Lovells Corporate & Finance practice David Gibbons, said: “Mochamad’s arrival represents the latest step in our plan for the building out and strengthening of the Indonesian practice which is an increasingly important and attractive region for corporate work, particularly in the global energy and resources sector. Mochamad’s wealth of experience brings enhanced capability to the team supporting both regional clients with operations in APAC as well as domestic Indonesian companies.”

Mochamad Kasmali added: “I am delighted to be joining the Corporate and Finance practice at Hogan Lovells. The firm’s global footprint as well as its integrated nature, particularly across South East Asia, provides the ideal platform for me to further develop my practice and seamless legal service to my clients.”

Hogan Lovells boosts Paris practice with leading hires

Hogan Lovells is strengthening its Corporate & Finance Practice in Paris with the hire of leading M&A and Private Equity partners Matthieu Grollemund and Hélène Parent. They join with five associates from Baker McKenzie, where Grollemund co-headed the Paris Corporate department.

Matthieu and Hélène’s practice focuses on M&A and Private Equity transactions with an emphasis on buy-out funds, high-end growth or venture funds, and family offices with significant private/public equity activity. They represent numerous public and private companies and private equity funds in a wide range of domestic and cross border transactions, including business combinations, divestitures, leveraged buy-outs, IPOs, and restructuring matters. In addition, they regularly advise boards and committees on a variety of governance and other issues.

Their appointments follow the additions announced in Private Equity last year in London (Ed Harris and Leanne Moezi), United States (Adam Brown), Shanghai (Don Williams, Tony Mou, and Cheng Xu) and Frankfurt (Nikolai Sokolov).

“We are very happy to be joining Hogan Lovells” said Grollemund.The firm has a great culture based on collaboration, cooperation and cross selling and we are excited to be adding our experience to such an impressive team. The partners’ conqueror mindset combined with the strength of the firm’s high quality full service platform and its depth of capabilities in Europe, Asia, the Americas and beyond, present unique advantages for our clients.”

David Gibbons, Global Head of the Corporate & Finance Practice at Hogan Lovells, added: “We are absolutely delighted to welcome Matthieu Grollemund, Hélène Parent and their team of associates to Hogan Lovells. They will add significant depth to our existing Tier 1 team in Paris who are already executing a broad range of sophisticated transactions for clients. Furthermore, Matthieu and Helene’s reputation for excellence in technology and life sciences M&A aligns with the strengths of the firm and our own focus on highly-regulated industries.”

The Hogan Lovells Corporate & Finance practice provide end-to-end transactional solutions to clients globally across a wide range of capital strategies and funding structures. We have over 400+ partners (and approximately 1,400 lawyers) within the Practice, located across all the major financial centres in the world. We are a fully integrated global team that combines exceptional transactional experience with deep industry sector knowledge. Our Corporate practice in Paris is ranked as Tier 1 in the market by multiple sources and has recently been involved in major transactions, such as the acquisition by TowerBrook Capital Partners of the rail activities of Consolis group and the acquisition by PAI Partners of a majority stake in Euro Ethnic Foods.

Hogan Lovells commits to disability inclusion

Hogan Lovells has marked the International Day of People with Disabilities by announcing that it has become a member of The Valuable 500 – the largest network of global CEOs dedicated to diversity.

As a member of The Valuable 500 the firm commits to drive change and embed disability inclusion throughout the business. Delivering on its commitment to diversity and inclusion and responsible business is a strategic priority for Hogan Lovells, with ability inclusion a core focus the firm recognises is crucial to achieving the UN’s 2030 Sustainable Development Goals.

CEO Miguel Zaldivar said: “Inclusion of individuals with different abilities is a key focus of our firm. We have had a longstanding commitment to people of different abilities across the globe, and we are excited that our participation in The Valuable 500 will accelerate our progress. We want our people of all abilities to understand that Hogan Lovells is a place where they belong and can thrive.”

The firm has also become a signatory to the American Bar Association Pledge for Change: Disability Diversity in the Legal Profession, further affirming its commitment to disability diversity. Pledge signatories recognise that diversity is in the best interests of their organisation, the legal profession as a whole, and the clients they serve. By becoming a signatory Hogan Lovells commits to encouraging others in the legal industry to follow suit.

In the UK, Hogan Lovells is a Disability Confident Committed employer, and has a long-standing relationship with the British Paralympic Association, being a Gold Partner and the Official Legal Services Provider. In addition, the firm supports British para-sport through its Nicholas Cheffings Para Athletes Bursary and investment in their ambassador and Paralympic, world, European and Commonwealth champion, Ollie Hynd MBE.

Hogan Lovells also provides pro bono legal advice to clients including GB SnowSport, Great Britain Wheelchair Rugby, the International Wheelchair Rugby Federation, UK Boccia Federation, the International Boccia Federation, the International Paralympic Committee, and the Japanese Para-Sports Association.

In the run-up to the re-scheduled Tokyo 2020 Summer Paralympic Games, the firm is sponsoring the Japan Riding Association for the Disabled, working in partnership to raise awareness in Japan of people with disabilities and the need for more inclusion of the disabled in sport. The firm’s sponsorship will provide para equestrian athletes with additional support as they pursue their sport.

Hogan Lovells also advises Movements for the Intellectually Disabled of Singapore on a range of matters, and has created an internship program recognised by The Luxembourg Diversity Charter, and in cooperation with Ligue HMC, to change perceptions of intellectual disability by welcoming interns in office support roles for an eight week period.

Caroline Casey, Founder of The Valuable 500, commented: “We are thrilled to welcome Hogan Lovells on board in the midst of the continuing pandemic. We believe in collaboration rather than competition and the multiplier effect of the collective impact of 500 leading CEOs and brands. I am confident that over the next decade, if the business community pulls together and stands united in ensuring disability inclusion is a central part of their leadership agenda, we can truly make a difference globally across the next decade.”

Oxana Balayan named among the Top 30 Women in Law

Hogan Lovells partner Oxana Balayan has been named in the ‘Women Who Will’ 2020 report by Obelisk Support and Next 100 Years who champion the talent and potential of women in law around the world. The award recognises the top 30 women of the legal in-house community, private practice and other change makers from within the industry, with nominations being accepted from senior General Counsel and other senior leaders in law.

Clients, including LSE listed Polymetal International plc, a global leader in the production of gold and silver, nominated Oxana Balayan for her ‘inspiring leadership’, ‘fantastic and innovative achievements’ and ‘legendary dedication to clients’.

Hogan Lovells commitment to diversity and inclusion is integral to our success as a global law firm. Oxana Balayan has been a poster-woman for gender equality in Europe and Russia for many years. Oxana leads the Corporate and Finance practice in Russia and CIS at Hogan Lovells, is a successful business woman, a mother of two great children, a marathon runner and a relentless gender equality fighter.

At Hogan Lovells, we fully support this report which aims to shine a light on talented individuals and on the gender diversity of leadership in law and why it matters. Hogan Lovells vision is to become the market leader in D&I, and to create an inclusive environment where people of all backgrounds have the opportunity to thrive and belong.

Hogan Lovells advises Shaftesbury on its £300m equity capital raising

International law firm Hogan Lovells have advised Shaftesbury on its equity capital raising which intends to raise gross proceeds of approximately £297 million by way of a fully underwritten firm placing and placing and open offer. Up to a further approximately £10 million in gross proceeds may also be raised by way of an offer for subscription which is not underwritten.

Shaftesbury is a real estate investment trust with a portfolio that extends to 16 acres in the heart of London’s west end, where the COVID-19 pandemic and the measures to contain it have had, and continue to have, a material adverse effect on normal patterns of activity and business. In light of the COVID-19 pandemic, Shaftesbury are carrying out the capital raising to help ensure its group maintains a strong financial base, is positioned to return to long-term growth as pandemic issues recede and, should conditions improve, is able to invest further in its exceptional portfolio.

The Hogan Lovells team was led by Corporate & Finance partners Nicola Evans and Raj S. Panasar with support from partners Jonathan Baird, Gill McGreevy (Real Estate) and Elliot Weston (Tax).

Commenting on the transaction, partner Nicola Evans said: “We are delighted to have partnered with Shaftesbury on this significant transaction which ensures Shaftesbury is in a stronger position to deal with the continuing impact of COVID-19. Agility in helping companies with the optimal type of capital raise for the circumstances is key at the moment, as the business environment can change daily.”