Bond's first love is working on deals. As partner and co-head of the Capital Markets Group at Proskauer Rose LLP, she said she still wants to be front and center, interacting with all parties on business transactions from start to finish. Lately, she has worked with the consumer retail sector.
"Our approach is to play a really active role in our clients' deals, and we also see our role as making sure that the senior associates and more junior associates on the deal are also learning," she said.
Bond was lead counsel to Ares Management L.P. in connection with Ares Capital Corp.'s acquisition of American Capital Ltd., with terms stating shareholders would receive $3.43 billion in cash and stock consideration, plus $562 million in connection with its separate sale of American Capital Mortgage Management LLC to American Capital Agency Corp. Bond was the point person with the Ares initial public offering in 2014, and since then she has led the fund's offerings of equity and debt securities. There was a secondary offering of 7.5 million common units representing limited partnership interests by a strategic investor of Ares for aggregate proceeds of $150 million.
"I prefer high yield offerings as well as IPOs," Bond said. "High yield is always interesting because putting together a covenant package that will work for the client is challenging and interesting. And doing an IPO, it's such an important milestone in the life of the client."
In another recent deal, Bond was lead counsel to Smart & Final Stores Inc. in its follow-on secondary offering of 10 million shares - with a greenshoe of 1.5 million shares - of common stock at a price of $17.05 per share, raising $185 million in gross proceeds. The deal included a $68 million acquisition of 33 store leases and other related assets from affiliates of Haggen Holdings LLC in connection with Haggen's chapter 11 bankruptcy.
Bond is also representing the underwriters on the recent IPO of Five Point Holdings, a master developer in California.
— Matt Sanderson
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