2009 Annual Review - Latham & Watkins

BC Partners LimitedStrategic PIPE Investment in Office Depot, Inc.When international private equity firm BC Partners sought to investin Florida-based office supplies chain Office Depot, Inc., it turnedto Latham & Watkins’ international private equity team to provideseamless legal assistance with its deal.Latham’s team advised BC Partners on its US $350 million investmentin Office Depot, which was accomplished by the purchase ofapproximately US $275 million of the company’s newly created10% Series A Redeemable Convertible Perpetual Preferred Stockand approximately US $75 million of the company’s newly created10% Series B Redeemable Contingent Convertible PerpetualPreferred Stock.The deal closed with the completion of the sale of the preferredshares to funds advised by BC Partners, the corresponding receipt ofproceeds by Office Depot and by the addition of three representativesof BC Partners to the Office Depot board of directors.PracticesAntitrust & CompetitionBenefits & CompensationCapital MarketsMergers & AcquisitionsReal EstateTechnology TransactionsTransactional TaxOffices InvolvedEuropeMunichUnited StatesNew York, Washington, D.C.49 Latham & Watkins • 2009 Annual Review