financetom
Business
financetom
/
Business
/
Law firm Weil opens L.A., San Francisco offices with private equity dealmakers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Law firm Weil opens L.A., San Francisco offices with private equity dealmakers
Jul 9, 2024 9:28 AM

July 9 (Reuters) - U.S. law firm Weil, Gotshal & Manges

said Tuesday it is opening new offices in Los Angeles and San

Francisco with a pair of private equity dealmakers from rival

Latham & Watkins.

Tana Ryan is joining the firm as managing partner of its

new Los Angeles office, while Navneeta Rekhi joins as a partner

in Weil's new San Francisco office, the firm said.

Kyle Krpata, who co-chairs Weil's U.S. private equity group,

said expanding the practice also drives growth in related areas

for the firm, like tax, finance and executive compensation.

A Latham spokesperson did not immediately respond to a

request for comment.

Rekhi co-led the Latham team that advised Arcline Investment

Management in its $1.29 billion take-private acquisition of

aerospace parts maker Kaman Corp earlier this year. Kaman counts

the U.S. military, planemaker Boeing ( BA ), and defense firms

Lockheed Martin ( LMT ) and RTX among its customers.

Ryan and Rekhi together led a Latham team that advised

private equity firm H.I.G. Capital in its 2023 acquisition of

supply-chain company Ascent Global Logistics.

Krpata said there is some overlap between the firm's clients

and Ryan and Rekhi's. "We are excited about the fact that they

are bringing new private equity sponsor relationships to the

firm on Day 1," he said.

Weil, a 1,100-lawyer firm founded in New York, has had an

office in Silicon Valley since 1991. Outside the United States,

it has offices in Belgium, China, France, Germany and the United

Kingdom.

Weil's move to expand on the U.S. West Coast comes four

months after the firm said it was retrenching in China following

the closure of its Beijing office last year.

The firm said in March it was considering closing its

Shanghai office and consolidating its Asia operations in Hong

Kong. A Weil spokesperson did not immediately respond to a

request for comment on its Asia plans.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Indonesia to use its benchmark coal price for transactions from March 1
Indonesia to use its benchmark coal price for transactions from March 1
Feb 26, 2025
JAKARTA (Reuters) - Indonesia will start using its government-set benchmark coal price as the floor price for transactions starting from March 1, Tri Winarno, a senior official at the Energy and Mineral Resources Ministry, said on Wednesday. Indonesia currently uses the government benchmark price, known as the HBA, to calculate royalty fees for coal miners. Tri did not elaborate further...
National Health Investors Q4 Normalized FFO Rises; 2025 Guidance Set
National Health Investors Q4 Normalized FFO Rises; 2025 Guidance Set
Feb 26, 2025
04:16 AM EST, 02/26/2025 (MT Newswires) -- National Health Investors ( NHI ) reported late Tuesday Q4 normalized funds from operations of $1.12 per diluted share, up from $1.09 a year earlier. Analysts polled by FactSet expected core FFO of $1.11 per share. Rental income for the quarter ended Dec. 31 was $65.8 million, up from $60.7 million a year...
Porsche names new CFO and sales chief in bid to revive performance
Porsche names new CFO and sales chief in bid to revive performance
Feb 26, 2025
FRANKFURT (Reuters) - Luxury carmaker Porsche replaced its CFO and head of sales on Wednesday with two company veterans as it reshuffles its board in the hopes of reviving flagging performance and a weak share price. The company announced late on Tuesday that Jochen Breckner, at Porsche for 25 years and head of corporate development since 2018, will oversee finances...
FOCUS-From fashion to cars, Russian markets pose new test for Western brands weighing return
FOCUS-From fashion to cars, Russian markets pose new test for Western brands weighing return
Feb 26, 2025
* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine * Western brands face tougher competition in Russian markets * Moscow legalised grey imports of Western merchandise * Russian, Chinese brands have filled gaps left by Western firms * Some consumers say they want more choice By Roman Churikov, Olga Popova and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved