Hogan Lovells has advised Northumbrian Water Group plc in relation to the largest UK takeover of 2011. The £4.7 billion offer for Northumbrian Water Group by UK Water (2011) Limited has announced today, Tuesday 2 August.
Tags: Hogan Lovells Monthly Archives: August 2011
Squire Sanders Advises on Landmark Telecoms Joint Venture
Squire, Sanders & Dempsey has advised Polska Telefonia Cyfrowa, the operator of T-Mobile in Poland, on its 15-year agreement to share radio access networks with PTK Centertel, operator of the Orange network in Poland. As part of the agreement, the two operators have transferred staff into a joint venture company, NetWorks!, with each owning 50% of the new company. NetWorks! will develop and maintain networks in Poland, and is one of only a few similar joint ventures currently operating within the worldwide telecommunications industry.
Tags: Squire Patton Boggs Simpson Thacher Represents Underwriters in $735 Million Initial Public Offering of Duff & Phelps Global Utility Income Fund Inc.
Simpson Thacher recently represented a group of underwriters in connection with the initial public offering of Duff & Phelps Global Utility Income Fund Inc. (NYSE: DPG) (the “Fund”), a closed-end registered investment company. The lead underwriters in the transaction were Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Ameriprise Financial Services, Inc.
Tags: Simpson Thacher & Bartlett LLP O’Melveny Advises Sundance Institute on Innovative Digital Distribution Program for Independent Filmmakers
O’Melveny & Myers LLP has provided a wide range of crucial pro bono legal services for the Sundance Institute Artist Services program, a groundbreaking initiative to showcase the work of Institute artists by offering access to top-tier digital distribution platforms as well as to creative funding and marketing ideas.
Tags: O'Melveny & Myers, LLP Weil – Marvel Prevails in Copyright Litigation
Weil, Gotshal & Manges represented Marvel Entertainment, Inc. in its federal district court victory over the heirs of Jack Kirby, a noted comic book artist who worked for Marvel during the late 1950s and early 1960s when Marvel created many of its iconic comic book superheroes.
Tags: Weil, Gotshal & Manges, LLP Chadbourne Represented Fortune Brands in $1.225 Billion Sale of Titleist Golf
Chadbourne & Parke represented Fortune Brands, Inc. in the $1.225 billion sale of its Acushnet Company subsidiary, which manufactures and distributes Titleist golf balls and clubs and FootJoy golf shoes and gloves.
White and Case Advises on the First Turkish Covered Bond
Global law firm White & Case LLP advised UniCredit Bank AG, London Branch, as arranger on a new €335 million Turkish covered bond programme for Şekerbank TAŞ and initial issuances thereunder—the first-ever covered bond programme in the Turkish market. Known as the Şekerbank Asset-Guaranteed Bonds, the covered bond is also the first to earn an “A3” rating from Moody’s Investors Service.
Tags: White & Case LLP Davis Polk Advises Cargotec Corporation on Its Acquisition of 49% Interest in China Crane
Davis Polk is advising Cargotec Corporation in connection with the investment by its wholly owned subsidiary, Cargotec Holding Netherlands B.V., (Cargotec) in China Crane Investment Holdings Limited (China Crane). China Crane is indirectly wholly owned by Carlyle Asia Growth Partners IV, L.P., an investment fund managed by global private equity firm The Carlyle Group. China Crane has a minority shareholding (18.75%) in Jiangsu Rainbow Heavy Industries Co., Ltd. (RHI), a joint-stock limited company incorporated in the People’s Republic of China. RHI’s shares are listed on the Shenzhen Stock Exchange. Cargotec is acquiring 49% stake in China Crane from Carlyle Asia Growth Partners IV, L.P. for approximately €50 million. The transaction is subject to customary closing conditions.
Tags: Davis Polk & Wardwell