Cleary Gottlieb was counsel in three of International Financing Review’s 2007 Deals of the Year. The awards were announced on December 17, 2007.
Cleary Gottlieb advised long-time client CVRD on its $3.75 billion bond offering, a transaction awarded Latin American Bond of the Year. The offering is reportedly the largest-ever corporate bond offering by a Latin American borrower. IFR noted that while the transaction closed in November 2006 “there were no Latin American bonds launched in 2007 that were as ground-breaking or compelling.”
U.S. Equity Issue of the Year was awarded to VMware’s $1.1 billion IPO. Cleary represented the underwriters in the offering, which IFR noted as being “among the most successful carve-out IPOs ever.”
Cleary Gottlieb also advised Sony Financial in its ¥ 320 billion (U.S. $2.9 billion) IPO, which was awarded Asia-Pacific Equity Issue of the Year. IFR noted this transaction “[overcame] tough market conditions and a skeptical investor base to deliver a hugely successful listing.”
IFR, published by Thomson, is the world’s leading provider of international capital markets news and analysis.