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Debevoise & Plimpton adds a Private Equity Guru into the team

Early this month, the law firm announced that they would be bringing in a new consultant into their company. Simon Witney, the Private Equity specialist, will be joining the company as a consultant later in January.

Simon is one of the renowned PE lawyers, and he was named as one of the most influential lawyers in the world who specialize in global private Equity. He is a prominent member of the European Private Equity Lawyer communities. That membership has propelled his career as he has served at the British Private Equity and the Venture Capital Associations for a few years. He held a very senior position at the association.

He is a member of the British Private Equity and Venture Capital Association Council which has the mandate of offering strategic direction and oversee the different operations. He was once a member of the Emerging Markets Private Equity Association’s legal and regulatory council.

Before joining the Debevoise &Plimpton firm, Simon was working at the King &Wood Mallesons. He has advised various companies on Private Equity including the UK government. He has given and continues to give speeches on corporate governance, company law and also regulatory matters.

2017 will be a significant year for Simon. Not only will he be receiving a consultancy position with one of the best law firms in the world but he will also be completing his Ph.D. in Corporate Governance.

About the law firm

Debevoise & Plimpton is a law firm that is internationally recognized, and they have their headquarters in New York. Partners in the NYC office include Sean Hecker, Matthew Fishbein and Jyotin Hamid. This company was founded in 1931, and it has established itself as a leader in the Private Equity, insurance, and international attribution. They also offer other services including; financial services transactions, complex litigation, investigations.

This is a firm that has been ranked as one of the most prestigious firms in the world today. They have established their base in three continents namely; America, Asia and Europe and they have over 650 lawyers working in these offices.

Even though they are …

What Investors Look For In NYC Urban Real Estate Development

Created as a result of one of America’s greatest real estate deals, New York City has never lacked for development opportunities in its 392 year old history. But large scale successful real estate ventures won’t work without the right investor to provide funding. And smart investors in turn won’t put funding into real estate projects that won’t ultimately show them a profit in return. 19th century real estate investors like Joe Sitt put money into developments that supported other businesses, like the railroad industry. But what do 21st NYC real estate investors want for their money from current developments?

New York City has one of the world’s most stable real estate markets, due to continual demand and high transparency. But not every potential building project here is a success in the making. There are specific things smart investors look for before committing their money to a project:

Supply And Demand

Just because you can build it, doesn’t mean that you should. For real estate investors, it often makes sense to hold off on green lighting projects in some areas until housing shortages occur there. As demand occurs there, so does the opportunity to increase rents and other fees in new buildings. The Bronx is finally seeing new residential development after years of housing shortages, and developers Mott Haven and Melrose have led the charge into this market with a major new 501,764 square foot housing development on East 149th Street.

If You Build It, Will The Right People Come?

Yes, they can bring baggage and unpleasant publicity, but for the most part celebrities make good neighbors. They’re financially solvent and they attract other wealthy, non-celebrity tenants to neighborhoods as well. Hey, if Harrison Ford or Julia Roberts want to be here with their families, it must be the right place to be! More celebrities representing industries ranging from sports to music to media live in the Upper West Side than anywhere else in New York City. Outlying neighborhoods are close behind. So as an investor, if you want Beyoncé or Sting or Steven Spielberg as neighbors, it makes more sense …

Compensations of Connecticut from New Business Investors

The state of Connecticut made revisions on its Insurance Reinvestment Tax Credit program recently, and in no time it caught the attention of three reliable investment companies that were willing and capable of providing capital a lot of companies in the area.
The said corporations generated three diverse funds which included Enhanced Capital Connecticut, Advantage Capital Connecticut Partners, and Stonehenge Capital Connecticut. Each of them would be raising more money to add to their current investments that were meant to help improve the bioscience industry within Connecticut.
Compensations of the State from the Funds

1) It increased the capital of entrepreneurs.

A lot of people go out of business when they no longer have enough assets to tap into or banks to borrow capital from. However, according to the Liddy Karter, the managing director of the first-mentioned fund which was created by a New York-based company called Enhanced Capital Partners, the revised program made it easier for investors like them to offer financial assistance to certain companies in Connecticut. She further divulged that at present the fund held approximately 30 million dollars. One-tenth of this amount can go to startup or old institutions that meet their requirements.

2) The businesses’ debts could be paid.

Another fund which was known as the Advantage Capital Connecticut Partners under Ryan Brennan already had garnered 72 million dollars, and they were poised to divide this large sum to no less than 25 companies in the state. The last one to raise funds was the Stonehenge Capital Connecticut, yet it had only taken several weeks for them to accumulate roughly 35 million dollars. Once these funds were distributed to the businesses they were intended for, any debt that the owners might have due to the company could be settled, and there would still be enough left to transform a few segments for the better.

3) Entrepreneurs could stay in Connecticut.

Some industrialists might feel the need to uproot their business if it stops flourishing in Connecticut and move this to another location. This would be undesirable for the state though because there would be …

Acquisition of Centennial Resource Production Complete

Silver Run Acquisition Corporation now owns controlling interest in oil and natural gas company, Centennial Resource Production (CRP). The buyout transaction received final approval by board of directors at stockholders meeting held on October 7th, 2016. CRP has properties in the middle of the Southern Delaware Basin and was controlled by subsidiaries of NGP Energy Capital Management. The final agreement entailed specific stipulations involving name change, sale of common stock, and appointment of board directors. Riverstone LLC, a private investment firm and its affiliates were also included the contract involving the purchase of Silver Run’s common stocks.

According to a press release issued by Riverstone LLC, on October 11th, 2016, Silver Run acquired 89 percent of controlling interest in CRP. The name of Centennial Resource Production, LLC is now Centennial Resource Development, Inc. (CRD) and listed on NASDAQ as symbols, CDEVW and CDEV. One day after the press release was issued, CRD began trading its common stocks and warrants. Silver Run’s acquisition agreement also stipulated Riverstone Holdings LLC and Riverstone Energy Limited bought $810 million of its common stock. Other investors who bought stocks from Silver Run are Capital World Investors and Fidelity Management & Research Company, totaling $200 million.

Investment firm, Riverstone Holdings and Riverstone Energy have approximately 51 percent ownership interest in Silver Run after finalizing the acquisition of Centennial. Riverstone was founded by Pierre Lapeyre and David Leuschen. The $810 million will be used to fund some of the cash considered for the transaction. Silver Run elected four more board members, including Tony R. Weber to serve on the board of directors. The remaining 11 percent ownership interest in CRP is owned by NGP, a private equity firm with primary focus in natural resource industry. The independent oil and gas company had $100 million of available cash and was debt free as of October 12th.

Silver Run Acquisition Corporation plans to continue concentrating on acquisition development of reserves, including natural gas and unconventional oil located in the Permain Basin. The firm specializes in asset acquisition, reorganization, stock purchase, capital stock exchange, and mergers. More than $1 …

Headhunters in the Washington DC Area

When looking for a headhunter in Washington DC area, the first thing that comes to mind is whether or not recruiters have the expertise to place their clients in a specific executive position that organizations seek to retain employees. In this case scenario, placing the right talent will help organizations sustain continuous growth. This is important and critical for individuals who depend on executive recruiters, like Nels Olson, so that highly-skilled individuals are successful in their given careers. The same way that corporate human resources (HR) generalists, who develop job specific profiles, turn to executive recruiters, such as Robert Hall executive search in Washington DC, to search and find high-profiled executives to fulfill job positions for their corporate offices.

First, Lucas Group Washington DC area recruiters provide top-notch placement services for not only sales and marketing executives, but also for manufacturing, legal, and military transition, among other professional fields such as IT and HR. Job seekers in the Washington DC area can be rest assure that Lucas Group Washington DC recruiters can accommodate high-level executives with job placement that they are seeking. Furthermore, Recruiters are specialized in Beltway recruiting in the Washington DC area to accommodate their client’s expectations of finding work.

Second, Robert Half executive search in Washington DC area is well-known for placing high profile executives in the marketplace catered to one’s desires. Recruiters here provide career counseling for both senior accountants and financial analysts, as well as other fields like graphic and website designers. Robert Half executive search in Washington DC has experienced functional specialists for executive minded individuals who seek job placement. Specialized recruiters, such as Mike Caggiano, build relationships to cater high-skilled executives and senior level professionals from, CEOs to Chief Information Officers (CIOs) and Chief Operating Officers (COOs), by understanding each client’s competencies and expectations in meeting their career goal. That is why when HR in businesses are seeking to employ specialized skilled employees, corporate offices turn to Robert Half executive search because of the location and innovative diverse professionals in Washington DC area, which is located near reputable universities and highly skilled …

Famous skyscrapers in NYC and the people that own them

The New York Skyline is famous. Dozens of tall buildings greet the casual observer as they see the city from afar. While many people are aware of the skyscrapers, they may not be aware of who owns such buildings. A large building may be owned by a single person or by a corporation. A brief list of such buildings and the people who own them can make a visit here even more exciting and fascinating.

The Empire State Building

One of New York City’s most visible and elegant buildings, the Empire State Building sits in the heart of midtown Manhattan. The building has been visited by many people over the years including tourists from all over the world. Here, the views across the open floor at the top offer stunning vistas across three states. Many famous people have visited this iconic structure including Marilyn Monroe and Frank Sinatra. The building is owned by real estate developer Anthony Malkin, who helps manage millions of square feet in the entire city.

The Chrysler Building

The Chrysler Building is another much beloved building that dots the skyline in the center of the city. When it is seen from upfront it is equally imposing. Located at 405 Lexington Avenue and 42nd Street, the building has top floors that mimic the design of the company’s cars. The building is quite admired as it offers sleek lines and many interior spaces that people can tour. Owned by the world class architectural firm Tishman Speyer, the building has been toured by visitors both local and from abroad including singers Lady Gaga and Tony Bennett.

The Citicorp Center

The Citicorp Center is a modern marvel that involved major engineering expertise. The work to create this building centered on creating a building that lies on top of a church that predates the building by centuries. This marvel is one that offers a chance to tour the church on the lower part of the building and then have a look from the tower by owner Boston Properties. Created by architect Hugh Stubbins, the building was constructed in the …

How to Stage a Great Open House

An open house is the best time to showcase your beautiful home to potential buyers. Make sure you do it right the first time to help get your home sold as quickly as possible. Here are a few things to keep in mind to make sure you have a successful open house.

1. Clean Your House
It’s very hard to sell a dirty home. Buyers oftentimes don’t have the best imaginations and it can be difficult to get them to see past the dirty handprints on the walls and the spots on the floor to see what a good investment they could possibly make in your home. Help buyers see the best in your home by making it sparkle.

2. Make Minor Repairs Ahead of Time
If buyers come to see your home and are hit instantly with dozens of to-do’s, they might turn around and run the other way. Another reason to make minor repairs ahead of time is that buyers that see a lot of minor repairs that have been neglected often wonder what other large repairs have also been neglected. Do yourself a favor and, when possible, make any minor repairs before the open house.

3. Take Your Curb Appeal Up a Notch
Before the open house, really dress up your curb appeal. “More often than not, if a potential homebuyer is not impressed with the outside of your home, getting them to be impressed with the inside might be difficult,” so says Than Merril of the Real Estate Education Company Fortunebuilders. Be sure to pressure wash the outside of your home to get rid of any dirt. Give your shutters a fresh coat of paint. Add new potted plants and flowers to the flower beds. Sweep off the front entry way. Bring in some patio furniture to make guests want to stay and linger.

4. Keep in Mind the Basics
Remember the basics of having a successful open house.
• Prospective buyers feel most comfortable when the homeowner is not present.
• Make sure your home smells clean so that it’s inviting to buyers.
• Have …

Executives Recruiters at the Washington DC

The Executives recruiters work to fill the management positions in companies and organizations. Selecting the right Nels Olson executive search firm is one of the most critical decisions to consider when one is employing people for the top positions. There are several search firms teams in Washington DC with top notch candidates. Knowing who and from which headhunter to hire is very critical. To choose the best executive the company, one need to be very keen and observative. Nels Olson in his research provided some effective strategies on how one can choose the right firm for his or her company.

Network tapping. In this, one needs to get the employment history of the current seniors working at his business. The companies they previously used to work for and their former employers.

Using social media like LinkedIn, Check.Ecademy.com, and Doostang. A keyword would help you to locate their profiles. The LinkedIn shows one over million recruiters where some may have listed their niche there. On compiling the niche market, One needs to find out the recruiters area of specialization. For example, somebody may have written that he specializes in Science, Industrial Chemistry for Universities research foundations and consultancy companies.

JDG Associates Ltd is one of the executives placed by the Washington Executive directors. The company particularly does searches in the health, government and science searches. The company is currently working with the National Oceanic and Atmospheric Administration in the National Marine Fisheries Service to find the Scientific Programs and Chief Science Advisor’s Director.

Boyden is another company to consider. The company is of great help to those companies whose niche areas include, Risk Management, Security, Aviation, Defense and Intelligence, Government and Aerospace. The company does research on other sectors, though it does not disclose its closed searches.

The Recruiter directories have been found to offer extensive lists of possibilities. The RileyGuide.com contains an exhaustive list of free directories you can visit to get the recruiters directories. Some of those recruiters directories you can subscribe for in the library comprises of the SelectRecruiters.com, BlueSteps.com, and the RecruiterRedbook.com. With just a library card …

Famous Buildings In The New York City Area To Visit

New York City is a wonderful place to enjoy many breathtaking structures and skyscrapers with you loved ones or friends. They allow you to spend the whole day admiring the work of many unique architects or go on a group tour with your colleagues or closet friends. It also provides a romantic day-cation for couples looking for something interesting to do in New York City. The following is a list of the most famous building in the NYC area for you to visit during your vacation or leisure time.

(3) Popular Buildings In New York City To Visit

30 Rockefeller Center

This wonderful structure provides panoramic views of New York City for their observation deck. This tower was originally named the GE Building with over 850+ feet for you to enjoy. The Rockefeller Center has 70 floors for their guests to tour with over 60 elevators to getting to and from the top will never be a problem. They are committed to getting tourist from the bottom to the top with ease. Rockefeller is currently the home to the famous NBC studios.

Woolworth Building

The Woolworth Building plays a major contribution to the skyline of New York City. They stood as one of the tallest buildings in the world when they were constructed in 1913. There are plans to construct the top 30 floors into luxury apartments if you plan to relocate to a wonderful city atmosphere. The story behind this superior structure is the ceremony that was held by Woodrow Wilson when the lights were turned on and he pushed the switch in support of Washington D.C. Tourist interested in this building will enjoyed being involved in the rich history of New York City.

The New York Public Library

If you’re interested in learning more about New York City you have the option of learning from millions of books located at the New York Public Library (NYPL). The buildings main entrance will leave you astounded from the skills of the architecture. Tourists can appreciate the stone carved lions, stoned arches, and columns. They also feature a frieze along with …

Washington’s Leading Commercial Real Estate Companies

Here is a short list of the leading real estate developers monitored by Frank Haney operating in the Washington DC.

1. Peterson Companies
Peterson Companies is among the largest privately-owned real estate development firms in the Washington, DC. It offers fully-integrated construction services for residential, commercial, office and retail real estate. Among its notable projects include National Harbor, Downtown Silver Spring, Virginia Gateway, Washingtonian Center, Fair Lakes, Burke Centre, Fairfax Corner and Tysons McLean Office Park among others.

2. PN Hoffman and Associates
PN Hoffman and its affiliates, provide design, sales, construction and marketing services for private residential as well as mix-use development projects. It is committed to serving Washington DC and has built more than 28 developments in this city since 1993. PN Hoffman was the developer chosen to redesign Washington’s Southwest Waterfront among other landmark projects.

3. Douglas Development
The Douglas Development Corporation is among the largest private real estate companies owners in the DC area. It is a fully integrated real estate firm with an assortment of commercial office, retail, and residential mixed-used properties. The company has already completed over 180 successful renovation projects and is a prominent force in the revitalization of the DC area. Founded in 1985, Douglas Development Company has a passion for protecting and redeveloping historic structures including iconic properties such as the Woodward & Lothrop landmark and Chinatown’s historic row at the Verizon Center.

4. Clark Construction
Clark Construction is an integrated real estate company providing a broad range of services including capital markets, construction, property management, development and investment management. Consistently ranked among the top multifamily builders in the US, Clark is one of the country’s premier builders of luxury villas, military houses, and mixed-use communities. Since its founding in the year 1992, the company boasts of an extensive portfolio of nationally-acclaimed, award-winning projects on both coasts. Its notable projects include City Center DC, City Market at O, Arena Stage, US Coastguard Headquarters, INOVA Women’s Hospital and Children’s Hospital, The National Museum of African-American History & Culture, Walter Reed Military Medical Center and much more.

5. Lerner Enterprises
Lerner Enterprises …