A team led by San Francisco partners Robert Townsend and Brandon Parris and San Diego partner Robert Mattson was brought in to advise the valuation committee formed by Caesars Entertainment Corp.’s board of directors. The company, burdened by debt from a 2008 leveraged buyout, was looking to strengthen its capital structure and didn’t want to dilute shareholders by selling more stock. Instead it decided to spin off growth-oriented holdings to raise immediate cash while retaining a stake in those assets.
Susan Mac Cormac, a partner in the San Francisco office, is a founding board member and counsel to the Sustainable Accounting Standards Board, a cutting-edge organization that works with public corporations, investors and NGOs in 17 industry verticals to determine what social and environmental factors are material to operations and should be included in 10-K and 10-Q filings.
