Paul Hastings Represents Grupo Petrotemex S.A. de C.V. in $275M Bond Buyback

Paul Hastings LLP, a leading global law firm, announced today that the firm is representing Grupo Petrotemex, S.A. de C.V., a Mexico-based leading petrochemical company specializing in the manufacturing of polyester-related raw materials, in connection with the successful cash tender offer for $275 million, and consent solicitation to amend the provisions, of Petrotemex’s 9.5% Senior Notes due 2014, issued in 2009.

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Tags:  Paul Hastings LLP | New York

Cravath – Unilever’s Sale of North American Frozen Meals Business to ConAgra Foods

On July 30, 2012, Unilever announced that it has signed a definitive agreement for the sale of its North American frozen meals business to ConAgra Foods, Inc. for a total cash consideration of $265 million. Cravath represented Unilever in connection with this transaction. Unilever’s North American frozen meals business consists of a full range of premium, multi-serve frozen entrees and appetizers under the well-known Bertolli and P.F. Chang’s brand names. The transaction is subject to regulatory review and expected to close in the third quarter of 2012.

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Tags:  Cravath, Swaine & Moore LLP | New York

Middletons Builds Its Construction Practice with Appointment of Former Senior Lend Lease Lawyer

Middletons has announced the appointment of partner Sandra Steele, former assistant general counsel at Lend Lease, who will join the firm’s Property, Development & Construction group in Sydney. Sandra is making the move back to private practice after a six year stint at Lend Lease where she provided strategic leadership and management of the company’s in-house legal practice.

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Tags:  K&L Gates

Maples and Calder Advises Terra Firma on Acquisition of Four Seasons Health Care

Maples and Calder has advised Terra Firma, a leading private equity firm, in relation to the acquisition of Four Seasons Health Care, the UK’s largest independent elderly and specialist care provider, for £825m. The acquisition was financed by a mixture of equity and new debt, with the debt arranged by Goldman Sachs and Barclays. The transaction completed on 12 July 2012.

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Tags:  Maples Group

Davis Polk – IBM $1 Billion Notes Offering

Davis Polk advised underwriters represented by BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and UBS Securities LLC in connection with a public offering by International Business Machines Corporation of $1 billion principal amount of its 1.875% notes due 2022.

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Tags:  Davis Polk & Wardwell | New York