Cleary Gottlieb and Sullivan & Cromwell are among a clutch of U.S. firms to have claimed advisory roles on a major finance deal that will see sovereign funds totaling $12.5 billion dispensed to U.S. banking giant Citigroup. Investing alongside the Government of Singapore Investment Corporation and the Kuwait Investment Authority were Saudi prince Al-Waleed bin Talal, the New Jersey Division of Investment and Citigroup's former chairman and chief executive, Sandy Weill.
February 04, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
Cleary Gottlieb Steen & Hamilton and Sullivan & Cromwell are among a clutch of U.S. firms to have claimed advisory roles on a major finance deal that will see sovereign funds totaling $12.5 billion dispensed to U.S. banking giant Citigroup.
Cleary and Sullivan acted as counsel to Citigroup, which has raised $12.5 billion through private placements with investors including the investment arms of the Singapore and Kuwaiti governments.
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