The American Lawyer Names Gordon Caplan to 2018 “Dealmakers of the Year” List
On March 26, The American Lawyer named Willkie partner Gordon Caplan one of its “Dealmakers of the Year” for 2018 for his role in shepherding Hudson’s Bay Company (HBC) “through a series of interlocking cross-border transactions that breathed new life into HBC by bringing in a capital infusion and repurposing real estate through a joint venture with workspace startup WeWork,” according to the article. Read Willkie’s October 24 announcement.
“This was the most innovative and interlocking use of both real estate and retail banners that we’ve seen to date,” says Caplan in the article.
The article describes how HBC “sold to WeWork its Lord & Taylor flagship building on Fifth Avenue in New York for $850 million and, at the same time, leased back the first floor to keep the department store as an anchor tenant; struck a joint venture with WeWork for the use of other HBC-owned properties in Canada, the United States and Germany; received a $500 million equity investment from Rhone Capital; and fought off an activist investor, all in one 10-week window.”
The deal is “a representation to the business world that if you own your own real estate, you can do really transformative things with it,” notes Mr. Caplan.
In addition to Mr. Caplan, the cross-border, multidisciplinary Willkie deal team included partners Russell Leaf, Michael Brandt, David Drewes, Henry Cohn, Hillel Jacobson, Michael Katz, Patrick Meiisel, David Tarr, Stefan Jörgens and Georg Linde, counsel Jonathan Konoff, and associates Guy Inbar, Caleb Vesey, Adam Remo, Jennifer Coffey, Rose Ohanesian, Andrea Hwang, David Blassberger, Patrick Wacker, Wolfgang Münchow and Miriam Wolffsky. This is the latest in a series of strategic transactions in which Willkie has represented HBC as the company has expanded in the United States and into Europe.
Read “The American Lawyer's 2018 Dealmakers of the Year,” The American Lawyer
Willkie Profiled as Law360 White Collar Group of the Year
Willkie was profiled in Law360’s 2017 Practice Group of the Year series as one of five firms to be recognized for its white collar work. Close to 750 law firm submissions across 35 practice areas were submitted to Law360 for consideration in this annual series.
Noting Willkie’s excellence, cross-border teamwork and landmark victories achieved this year, Law360 highlighted how the firm “won a rare Second Circuit reversal of a former Rabobank employee's conviction for Libor manipulation and secured a nearly $4.8 million settlement on behalf of an investment firm facing an SEC investigation,” landing it on this year’s list.
Law360 discussed how partners in Willkie's New York and London offices worked together to exonerate Rabobank's Anthony Allen from Libor manipulation charges in a cornerstone case before the United States Court of Appeals for the Second Circuit (U.S. v. Anthony Allen). The firm achieved a major victory this past July when a Second Circuit panel found that federal prosecutors relied on inadmissible testimony obtained by UK authorities. The article also highlights the group’s success on behalf of hedge fund Deerfield Management Co. in reaching a favorable settlement in August with the SEC in the agency’s insider trading case against the company.
Quoted throughout the article are partners Michael Schachter and William Stellmach, Co-Chairs of the firm’s White Collar Defense Practice Group, based in New York and Washington, and Peter Burrell, partner and head of the Litigation, Compliance & Enforcement and White Collar Defense Practices in London.
Willkie represents public companies, financial institutions and their executives in all aspects of compliance, investigations and enforcement, and in particular high-stakes matters and all types of financial crimes. We are distinguished as an elite international team, joining up the experience of litigators in the U.S., UK and Continental Europe to provide an integrated platform of legal services covering multiple jurisdictions and geographies.
Read: White Collar Group Of The Year: Willkie Farr, Law360