Mayer Brown is advising CIBC in a noteworthy deal with Cerberus Capital Management, L.P., which has agreed to invest $1.05 billion in CIBC's U.S. residential real estate portfolio.  The deal covers residential mortgage-backed securities and related collateralized debt obligations.

The Mayer Brown deal team was led by partner Paul Jorissen from the firm’s New York office.  Other members of the team by their respective practice areas are:

Finance

David Linley, counsel (New York)
Ed Parker, partner (London)

Corporate

Jim Carlson, partner (New York)

Tax

Jim Barry, partner (Chicago)

Another prominent deal involving CIBC was when a joint Mayer Brown New York and London team advised ABN AMRO, as arranger for CIBC, on the establishment of an €8 billion Global Public Sector Covered Bond Program. This is the first transaction featuring mortgage loans guaranteed by the Canadian Mortgage and Housing Corporation.