Institute for Law & Economics:
Tea, Scones and Private Equity Deals
Joseph P. Barrata, of the Blackstone Group International, speaks during his firm's presentation.
FOR THE FIRST TIME, the Institute for Law and Economics
held a roundtable program overseas. The fifty participants
gathered in London last May to hear presentations from The
Blackstone Group and Kohlberg Kravis Roberts & Co. on European private equity deals. Each investment firm discussed
the business, financial and legal challenges they faced and the
strategies they used to bring transactions to a successful conclusion.
The program drew British attorneys from ILE member
firms; faculty from Cambridge, Oxford, and the London School
of Economics; London-based alumni; and ILE board members.
Those members were Robert L. Friedman L’67, The Blackstone
Group; Joseph B. Frumkin L’85, Sullivan & Cromwell; G. Daniel
O’Donnell L’76, Dechert LLP; David B. Silk L’88, Wachtell,
Lipton, Rosen & Katz; and James A. Ounsworth, consultant.
Penn Law Professors Edward B. Rock and Michael L. Wachter,
co-directors of the ILE, organized the event in cooperation with
The Faculty of Law at the University of Cambridge.