Baker Botts is bringing on the global chair of Hughes Hubbard & Reed’s mergers and acquisitions group Avner Bengera to co-head its cross-border M&A practice in New York.
Bengera focuses on public and private M&A, private equity, joint ventures, distressed assets transactions. He also has expertise in cross-border deals, frequently working on transactions involving clients in Asia, Europe and Latin America.
He’s “an ideal fit” for the firm’s growth strategy in New York and its global M&A practice, John Martin, Baker Botts managing partner, said in a statement. His career of high-profile, cross-border and U.S. transactions “will help raise our prominence in this important space even further.”
Bengera is the latest exit from Hughes Hubbard, which last year, amid partner departures and declining revenue, announced plans to rebuild.
Last July, McDermott Will & Emery picked up a seven lawyer team from Hughes Hubbard, including the chair of its international trade practice, Joanne Osendarp.
Bengera’s work also focuses on corporate governance and general corporate matters involving clients in the U.S. and abroad across industries, including pharmaceuticals, media, technology and telecommunications.
He has represented clients including Zoetis Inc., GFG Alliance, BNP Paribas S.A., KPMG International Ltd., Wipro Ltd., and Brambles Ltd.
Most recently, Bengera represented Cartamundi Group in its acquisition of the United States Playing Card Co. from Newell Brands, and Daimler AG in various investments in the U.S., including a stake in Tesla Motors that it since sold.
In an email to Bloomberg Law, Bengera said Baker Botts’ strong industry expertise in technology, life sciences and energy, which have all seen impressive amounts of deal flow, attracted him. The firm’s deep bench in antitrust, intellectual property, tax and environmental law also was a lure, he said.
“The firm not only offers an excellent platform and cultural fit for me, it has also developed a clear strategic vision that will allow me to help further strengthen the firm’s global deal advisory pipeline,” he said.
He began his legal career at Sullivan & Cromwell over two decades ago and jumped to Hughes Hubbard in 2006, making partner in 2009.