The firm is representing Barclay’s Capital Inc. as financial advisor to Exelon Corporation (NYSE: EXC) in connection with the proposed combination of Exelon with Constellation Energy (NYSE: CEG) pursuant to a stock-for-stock transaction. Under the merger agreement, Constellation’s shareholders will receive 0.930 shares of Exelon common stock in exchange for each share of Constellation common stock. The implied pro forma market capitalization of the combined entity is $34 billion with an enterprise value of $52 billion.
Tags: Simpson Thacher & Bartlett LLP Monthly Archives: April 2011
Kirkland & Ellis Advised Summit Partners and TA Associates on the Acquisition of a Majority in German Online Game Developer Bigpoint
Kirkland & Ellis International LLP represented funds advised by private equity investors Summit Partners LP and TA Associates Inc. on the acquisition of a majority stake in Bigpoint GmbH for $350 million. Bigpoint is Europe’s second-largest online games company, and operates the largest portal for online games in Germany. The acquisition is subject to regulatory approval.
Tags: Kirkland & Ellis LLP Shearman & Sterling Advises on AEP Industries Inc.’s $200 Million Notes Offering and Concurrent Debt Tender Offer and Consent Solicitation
Shearman & Sterling represented the initial purchasers in connection with AEP Industries Inc.’s private placement of $200 million of its 8.25% Senior Notes due 2019 and the dealer manager and solicitation agent in connection with AEP’s concurrent tender offer and consent solicitation for its existing 7.875% Senior Notes due 2013. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC acted as initial purchasers in connection with the notes offering and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as dealer manager and solicitation agent in connection with the tender offer and consent solicitation.
Tags: Shearman & Sterling LLP Constangy, Brooks & Smith Announces New Madison, Wisconsin Office
National labor and employment law firm Constangy, Brooks & Smith, LLP is expanding its presence with the addition of a Madison, Wisconsin office. This is the firm’s 23rd office and its fourth new office since 2009. Madison is the firm’s second new office this year; Constangy’s Dallas office opened in January. The Madison office is headed by partner Mark P. Tilkens, and joining him as partners are Daniel D. Barker and Elizabeth Erickson Pevehouse. Also joining the office is Tony H. McGrath as an associate.
Tags: Constangy, Brooks, Smith & Prophete LLP Dewey & LeBoeuf Represents Cyfrowy Polsat in Obtaining Financing for, inter alia, the Acquisition of Telewizja Polsat
Dewey & LeBoeuf has represented Cyfrowy Polsat in a PLN 3 billion LBO and revolving facility financing in connection with its acquisition of Telewizja Polsat.
Mannheimer Swartling – Sandvik and Shandong Energy Machinery Form Joint Venture
Sandvik Mining and Construction and Shandong Energy Machinery Co. in Xintai, Shandong Province, China, have signed an agreement to form a 50/50 owned joint venture for the production and sale of coal mining equipment.
Tags: Mannheimer Swartling Patton Boggs and the Collingwood Group Form Strategic Business Alliance
Patton Boggs LLP is pleased to announce today the formation of an innovative teaming arrangement with The Collingwood Group, LLC. The arrangement combines the strength of one of the nation’s premier law firms with one of the top business advisory groups in the financial services industry.
Tags: Squire Patton Boggs Simpson Thacher to Launch Hong Kong Law Practice; Announces Addition of Preeminent Practitioners Celia Lam and Christopher Wong
Simpson Thacher & Bartlett LLP announced today that it will launch a Hong Kong law practice later this year and that Celia Lam and Christopher Wong will join the Firm as partners in Hong Kong once the Firm has completed the necessary regulatory measures in connection with the launch of the Hong Kong practice. Ms. Lam will join Simpson Thacher from the Hong Kong office of Linklaters, where she has served as a partner. Mr. Wong will join from the Hong Kong office of Freshfields Bruckhaus Deringer, where he has served as a partner.
Tags: Simpson Thacher & Bartlett LLP | Hong Kong Cadwalader Opens Brussels Office Headed by Prominent European Competition Attorney
Cadwalader, Wickersham & Taft LLP, a leading counsellor to global financial institutions and corporations, today announced that Alec J. Burnside, a prominent European competition attorney, will be joining the Partnership. Burnside, formerly with Linklaters in Belgium, will open and manage Cadwalader’s new office in Brussels.
Tags: Cadwalader, Wickersham & Taft, LLP Proskauer Represents Boparan Holdings Ltd. in $1.04 Billion High-Yield Bond Issue
Proskauer represented Boparan Holdings Ltd. (Boparan), one of the leading food suppliers in the UK, in the issue by Boparan Finance PLC of £400 million of its 9 7/8% senior notes due 2018 and €340 million of its 9 ¾% senior notes due 2018. The approximately $1.04 billion offering is one of the largest European high-yield bond issues in 2011.
Tags: Proskauer Rose, LLP