What have we learned from COVID-19?
Epidemiologist Syra Madad says it’s critical to engage with local communities
In 2021, the COVID-19 pandemic continued to affect nearly every aspect of our lives. Against this backdrop, our global teams worked on groundbreaking transactions, resolved high-stakes disputes and, through our global citizenship initiatives, responded to societal challenges around the world.
The role of business in society evolved as environmental, social and governance (ESG) issues entered the mainstream, concentrating on challenges including the energy transition and achieving greater diversity and inclusion. Like our clients, we looked for ways to create long term value and growth—a shared goal that created opportunities for collaboration.
It was in this context that we launched a new five-year strategy, focused on creating a distinctive experience for our clients.
Our emphasis on complex, cross-border matters helped us grow in all of the regions where we work and achieve outstanding results for our clients. As we look to the next five years, we are committed to building the capabilities our clients need, supported by a strong, resilient culture.
Epidemiologist Syra Madad says it’s critical to engage with local communities
Think tank CEO Chris Pinney is encouraged by moves to focus on impact, not just policies and procedures
Bill Emmott, who co-leads a nonprofit that studies the far-reaching effects of COVID-19, discusses the importance of business scenario planning
Countries and companies are increasingly committing to net-zero goals that would require them to significantly reduce carbon emissions on relatively short timelines
Most of 2021 was characterized by free-flowing capital, as government aid in response to COVID-19 propped up economies
Globalization may be evolving, as nations and regions reassert their regulatory powers on a wide range of issues
Matters in eight practice areas that highlight our global impact for clients
2,464 Total lawyers
An outstanding roster of talented lawyers strengthened our Firm in 2021
White & Case earned many of the legal industry’s top accolades for outstanding performance in 2021
White & Case is committed to fair and ethical operations that respect human rights and recognize the importance of our natural environment.
As a signatory to the UN Global Compact we affirm our commitment to doing business responsibly by supporting the Compact’s ten principles on human rights, labor, the environment and anti-corruption. The steps we are taking to continue to embed these principles into our Firm are outlined in our most recent Communication on Progress.
Our latest Environmental Sustainability Report includes information on our environmental policies, footprint, key actions and goals.
10 global affinity networks
Our ten global affinity networks foster a sense of community among the Firm’s Black, Asian, Latinx/Hispanic, Middle Eastern, minority ethnic and LGBT+ lawyers, business services professionals and their allies. Each network sets its own agenda, initiatives and goals, which are specific to the issues it feels are most important. Affinity networks also create and enhance awareness of these groups within the Firm and its larger culture, drive community and connection across our global offices, and support their members with career and professional development opportunities.
26 local women’s networks
Our 26 local women’s networks are active in 40 offices across the Americas, EMEA and Asia-Pacific. These networks foster professional development and mentoring activities, and support business-related client partnerships. They also provide a forum for our lawyers and business services professionals to share perspectives and create programs to support and retain our talent while fostering and promoting gender equity.
For more than a decade, leading publications and alliance organizations have recognized White & Case’s commitment to diversity and inclusion.
#1 Most Diverse Law Firm in Am Law 50 (eighth consecutive year)
The American Lawyer
Diversity Scorecard 2021
100% rating on commitment to lesbian, gay, bisexual and transgender workplace equality (13th consecutive year)
Identifying the Firm as one of the best places to work for LGBT+ individuals
Human Rights Campaign’s Corporate Equality Index
Minority Women Lawyers – International Firm of the Year
Work-life balance – International Firm of the Year
Euromoney Legal Media Group
Women in Business Law Awards (Europe 2021)
2021 Mansfield Rule Certification Plus (third consecutive year)
Top 75 employer in the UK
Social Mobility Foundation
2020 Employer Index Report
We continued to advance toward our diversity and inclusion goals, narrowing the gap between thought and action with new trainings
Like our clients, we are seeking ways to sustainably create long-term value and growth, a shared goal that presents opportunities to collaborate
We set out to ensure we provide our clients with an experience that emphasizes the attributes they seek in a trusted advisor
US$2.1 billion for Spanish-language media company
We advised JPMorgan Chase, Bank of America, Barclays, Citibank, Deutsche Bank, Goldman Sachs and Morgan Stanley, as joint lead arrangers, on US$2.1 billion of debt financing to Univision Communications Inc., the leading Spanish-language content and media company serving Hispanic America. The financing comprised a senior secured term loan facility in an aggregate principal amount of US$1.050 billion and senior secured notes issued pursuant to a Rule 144A offering in an aggregate principal amount of US$1.050 billion.
Acquisition financing for government services provider
We advised Maximus, Inc., a leading provider of government services worldwide, as borrower on a US$2.1 billion secured credit facility (including a US$600 million multicurrency revolving credit facility) to finance the acquisition of Veterans Evaluation Services, Inc. and refinance existing indebtedness of the company.
Financing for private equity portfolio companies
We advised Credit Suisse, as administrative agent and collateral agent, on a US$1.4 billion term loan and a US$400 million revolving credit facility made to WIN Waste Innovations Holdings Inc., a US-based waste-to-energy recycling company. Proceeds will fund the recapitalization of Wheelabrator Technologies Holdings and refinance debt of Tunnel Hill Partners LP.
Cross-border refinancing of Czech multinational firm
We advised multinational cybersecurity, software and AI company Avast Software PLC on a senior secured US$837 million-equivalent financing structured as a US$480 term loan, a €300 million euro term loan and a US$40 million multicurrency revolving credit facility. Proceeds refinanced the company’s existing credit facilities.
Europe data center financing
We advised Deutsche Bank, Société Générale and Sumitomo Mitsui Banking Corporation, as lead arrangers, bookrunners and original lenders, on a €620 million financing of the Data4 data center business. Facilities included a €290 million tranche for refinancing existing debt, a €310 million delayed draw facility and a €20 million revolving credit facility. It is one of the largest data center financings completed in the market to date, covering nine data centers across France, Italy, Luxembourg and Spain, with additional centers under construction and on the drawing board.
Financing for a merged cybersecurity company
We advised UBS Securities, Jefferies Finance and Bank of America Securities, as lead arrangers, on a US$2.825 billion acquisition financing of McAfee’s Enterprise business by Symphony Technology Group (STG). We also advised the same lead arrangers, and HSBC and KKR Capital, on a senior secured financing of STG’s US$1.2 billion acquisition of the products businesses of FireEye, Inc. The McAfee Enterprise and FireEye products businesses will be combined as a new cybersecurity venture.
Financing for Templewater acquisition of Bravo Transport Services
We advised China CITIC Bank International Ltd. on a credit facility to a consortium led by Templewater Holdings in the HK$3.2 billion (approximately US$409 million) acquisition of Bravo Transport Services Ltd., which owns New World First Bus Services and Citybus, the leading bus services operators in Hong Kong.
Financing for a public-to-private acquisition
We advised leading European private equity firm Triton Investment Management Ltd. on its £1.2 billion recommended P2P takeover offer for Clinigen Group, a London Stock Exchange-listed, UK-based pharmaceutical services and products company with operations in North America, Europe, Africa and Asia-Pacific.
Financing for an educational company
We advised Byju's Pte. Ltd., a subsidiary of Think and Learn Private Ltd., on a US$1.2 billion term loan B facility arranged by Morgan Stanley and J.P. Morgan, the largest unrated term loan B from Asia-Pacific and the largest ever from India to date.
Financing for personal care business
We advised CVC Capital Partners, as sponsor, on the leveraged financing for its acquisition of Shiseido's personal care business.