June 8, 2010 1:54 PM
TPG Capital Nabs Cravath Partner for GC Job
Posted by Victor Li
Private equity firm TPG Capital has a new general counsel in Ronald Cami, a former partner and 16-year veteran of Cravath, Swaine & Moore, reports Corporate Counsel, an Am Law Daily sibling publication.
Cami, pictured right, was unavailable for comment, but he circulated an emotional farewell e-mail to his former colleagues at Cravath last Friday. He joined the firm in 1992 right after graduating from Rutgers Law School.
"I wish I had the rhetorical skill to convey what these 16 wonderful years have meant to me, Annie, and the rest of our family, but I don't. So I will just say we feel extremely blessed to have been part of the Cravath family all these years," Cami wrote in the e-mail. He had spent the vast majority of his Cravath career based out of the New York office, becoming a corporate partner in 2001.
Cami, who will be based in the San Francisco office of Fort Worth, Texas−based TPG, has been recognized as a top dealmaker by several publications, including The American Lawyer. He has represented numerous corporate clients including Alcon, Inc., D.E. Shaw & Co., General Motors Company, The Washington Post Company, and most recently, Bristol-Myers Squibb.
TPG Capital boasts $48 billion in capital and led or took part in several big-money buyouts over the last decade, including Neiman Marcus in 2005, Harrah's Entertainment in 2006, and Alltel Wireless in 2007.
Michael Ryan, a corporate partner in the New York office of Cleary Gottlieb Steen & Hamilton, was excited when he heard the news about Cami's career move.
"It's a very interesting time to be a general counsel there, with regulation efforts at home and abroad, tax issues on the deal side in a number of countries, as well as a challenging political environment in general," said Ryan, who has served as TPG's principal outside counsel since its founding in 1992. "As someone who has a lot of friends there and cares very deeply about that company, I was incredibly happy Ron took the job."
Cami's move comes less than three months after another Cravath partner moved in-house. On March 22, Julie Sweet, who also had joined Cravath in 1992, became the new general counsel at consulting giant Accenture. As Corporate Counsel reported at the time, Sweet replaced Douglas Srivner, who stepped down after serving as the company's general counsel for 14 years.
Accenture Hires Cravath Lawyer as New GC Corporate Counsel, 1/27/10
Dealmaker of the Week: Cravath's Ronald Cami The Am Law Daily, 2/13/09Make a comment