Michael Benjamin

Latham & Watkins has advised the lead managers on the US$314 million initial public offering (IPO) of Go Digit, one of the leading general insurance companies in India, on the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE). The joint lead managers were Morgan Stanley India Company Private Limited, ICICI Securities Limited, Axis Capital Limited, HDFC Bank Limited, IIFL Securities Limited, and Nuvama Wealth Management Limited. The Latham team was led by Singapore partner Rajiv Gupta and New York partner Michael Benjamin, with Singapore associate Chaitrika Bellana and New York associate Sabrina Singh. Advice was also provided on tax matters by New York partner Elena Romanova. ABOUT GO DIGIT Go Digit General Insurance Ltd. is one of India’s leading diversified insurance companies. It offers non-life insurance products, such as motor insurance, health insurance, travel insurance, property insurance, marine insurance, and liability insurance, among others. ABOUT LATHAM’S INDIA PRACTICE With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi-award winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.~~

May 23

1 min

Organon (NYSE: OGN) (Organon), a global healthcare company with a focus on women’s health, has announced that it, together with Organon Foreign Debt Co-Issuer B.V., a direct wholly owned subsidiary of Organon, as co-issuer (the Co-Issuer and, together with Organon, the Issuers), have closed an offering of the Issuers’ US$500 million of 6.750% senior secured notes due 2034 and US$500 million of 7.875% senior unsecured notes due 2034. Latham & Watkins LLP represented the initial purchasers in the offering, with a capital markets team led by New York partners Michael Benjamin and Benjamin Stern, with associates James Sullivan, Richard Dacher, and Monica Calce. Advice was also provided on collateral matters by New York partners Michele Penzer and Nicole Fanjul, with associates Carlos Ibarguengoitia and Michaela Bolden; on tax matters by New York partner Jiyeon Lee-Lim, with associate Shangpu (Nicholas) Sun; on FDA regulatory matters by Washington, D.C. partner Ben Haas, with associate Meryl Bartlett; and on intellectual property matters by San Diego/Bay Area partner Chris Hazuka, with associates Robert Yeh and Billy Wu.~~

May 17

1 min

Arko Petroleum revealed plans on Tuesday to sell shares of its common stock at an estimated $18 to $20 per share via an initial public offering, teeing it up to raise $200 million at midpoint, guided by Greenberg Traurig LLP and Latham & Watkins LLP. The wholesale fuel distributor plans to sell 10.5 million shares of Class A common stock and will grant underwriters the option to purchase another 1.57 million shares at the IPO price, per a registration statement filed with the U.S. Securities and Exchange Commission. UBS Investment Bank, Raymond James and Stifel are lead underwriters, while Mizuho and Capital One Securities are also serving as underwriters, per the securities filing. Arko said in its Tuesday filing that it estimates it will see net proceeds of $184 million, or $211.8 million if the underwriters exercise their option to purchase additional shares. The company plans to use proceeds to repay approximately $184 million of the outstanding principal under a revolving credit facility. As of Sept. 30, approximately $380 million was outstanding under the line of credit, which carries a 7.4% interest rate and matures in 2028. Any remaining proceeds will be used for general corporate purposes, per the securities filing. The Arko Corp. subsidiary is one of the largest wholesale distributors of fuel by gallon in North America and serves customers in 30 states. It plans to list on the Nasdaq under the symbol APC, per the company's Tuesday announcement. It attributed a 4.4% decrease in fuel revenue to dropping fuel prices and lower sale volumes driven by a tough macroeconomic environment and severe weather conditions this winter. Arko reported a dip in revenues during the nine-month period leading up to Sept. 30, compared to the same nine-month period in 2024. The company saw $4.27 billion in revenue in 2025, compared to $4.9 billion in 2024, per securities filings. Arko Petroleum Corp. is advised by Drew M. Altman and Win Rutherfurd of Greenberg Traurig. The underwriters are advised by Stelios G. Saffos, Michael Benjamin and Kaj P. Nielsen of Latham & Watkins LLP.

Feb 3

2 min

Private equity firms Hellman & Friedman and Valeas Capital Partners have completed their strategic investment in Baker Tilly US, LLP that valued the advisory CPA firm at over US$2 billion. Latham & Watkins LLP represented the lenders supporting the transaction with a team led by New York partners Michael Benjamin, Paul Bonewitz, Alfred Xue, Stelios Saffos, and Peter Sluka and Los Angeles partner Josh Holt, with associates Daniel Ovadia, Eric Dang, and Alexan Stulc.~~

Jun 11

1 min

TPG (NASDAQ: TPG), a leading global alternative asset management firm, announced a significant strategic growth investment in K2 Medical Research (K2), an integrated clinical trial site platform specializing in central nervous system trials for leading pharma and biotech sponsors. TPG is partnering with K2’s management team to continue building a world-class research platform. Terms were not disclosed. Latham & Watkins LLP represented TPG in the investment with a corporate team led by Boston partner John Miller and New York partners Justin Hamill and Michael Benjamin, with associates Jennifer Boyd, Matthew Sieben, and Olivia Pettingill. Advice was also provided on tax matters by Bay Area partner Katharine Moir, with associate Andrea Herman; on healthcare matters by Washington, D.C. counsel Nicole Liffrig Molife, with associate Margaret Rote; on FDA matters by Washington, D.C. counsel Monica Groat, with associate Evan Miller; on data privacy/HIPAA matters by Bay Area partner Heather Deixler, with associate Mitch Bennett; on intellectual property matters by Bay Area partner Michelle Gross, with associate Ryan Sanders; on employee benefits and compensation matters by New York partner Erin Murphy; on labor and employment matters by New York counsel Sandra Benjamin, with associate Sahar Merchant; on anti-bribery and anti-corruption matters by Bay Area partner Scott Joiner, with associates Chris D'Agostino and Heather Artinian; on real estate matters by Chicago partner Robert Buday and New York counsel Karen Ritter; on environmental matters by Washington, D.C. partner James Barrett, with associate Brittany Curcuru; on ESG matters by New York partner Betty Huber, with associate Preeti Grewal; and on antitrust matters by Bay Area partner Kelly Fayne and Washington, D.C. partner Patrick English, with associate Sydney Kirlan-Stout.~~

Jun 20

1 min