Big Deals, Big Wins, Big Clients
By Jones Day, which is advising Newell Brands Inc. in the sale of its tools division to Stanley Black & Decker Inc. for $1.95 billion in cash—including Newell’s Irwin, Lenox and Hilmor brands. The deal is part of the consumer products giant’s “new strategic plan” to sharpen its “portfolio choices and investment priorities that will focus on the businesses with the greatest potential for growth,” Newell’s CEO Michael Polk said in a statement. Proceeds will be used primarily to pay down debt.
By Smith, Gambrell & Russell, which served as legal counsel to State Bank & Trust Company in the closing of a $29 million syndicated construction loan to Braves Entertainment Company, LLC. The loan will finance the construction of the Braves entertainment district which includes a 76,000-square-foot office building, 53,000-square-foot Roxy Theatre to be operated by Live Nation, 16,000 square feet of retail and a 400 space parking deck at The Battery Atlanta as part of the new Atlanta Braves SunTrust Park development.
Big Law Moves
For Mark Carlson who rejoins Baker Donelson as managing director. Carlson previously was with Baker Donelson for more than ten years. In February of 2015, he left Baker Donelson to serve as general counsel and vice president of Strategic Initiatives at NanoLumens.
For Ogletree Deakins, where Sara Herbek, of counsel, moved from the firm’s Raleigh office to Atlanta to oversee the firm’s immigration group. Herbek currently represents multinational corporations in manufacturing, scientific research and information technology fields.
Big Law Promotions
For Morris, Manning & Martin, which elected six attorneys to become partners effective Jan. 1, 2017. They are Richard Boswinkle, Jason Cummings, Patrick Lowther, Catherine Morgen, David Reina and Tyler Wolf.