Skadden Opens Office in Seoul

Skadden, Arps, Slate, Meagher & Flom LLP is pleased to announce the opening of an office in Seoul, Korea, our 23rd office worldwide and seventh in the Asia Pacific region. The office provides the firm with a local platform to represent Korean and international companies and financial institutions in one of the world’s leading and dynamic business centers.

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Macfarlanes advises Intu on £867.8m acquisition of three shopping centres

Macfarlanes acted for Intu Properties Plc on the acquisition of three shopping centres from Westfield for a consideration of £867.8m.  The centres are in Derby, Sprucefield (Northern Ireland) and Merry Hill (West Midlands). In the case of Merry Hill, Intu acquired a 50 per cent interest, with the remaining Merry Hill interest being owned by QIC, an Australian fund.  The interests were held in a complex trust/partnership/corporate structure and the firm led on the acquisition of those interests and all underlying real estate.

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Shearman & Sterling Represents Almirall, S.A. on €325 Million Inaugural Bond Offering

Shearman & Sterling represented Almirall, S.A. (“Almirall”) on its inaugural High Yield bond offering of €325 million 4.625% Senior Notes due 2021 (the “Notes”). The Notes are guaranteed on a senior unsecured basis by certain of Almirall’s subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on March 27, 2014. The net proceeds from the issue and sale of the Notes are to be used to repay certain loan facilities and for general corporate purposes.

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Addleshaw Goddard acts on £200m joint venture for Mount Anvil

Addleshaw Goddard has advised Mount Anvil, central London’s specialist residential property developer, on a £200 million partnership with leading global alternative asset manager Ares Management to purchase new sites and build more, much-needed homes in Central London. The Pears Family has participated in the refinancing of certain of the existing Mount Anvil facilities.

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Cooley Advises Horizon Pharma on $660 Million Acquisition of Vidara Therapeutics

Cooley LLP announced today that it advised Horizon Pharma, Inc. on its acquisition of Dublin-based Vidara Therapeutics International Ltd. for stock and cash valued at approximately $660 million. The resulting company, which will be organized under the laws of Ireland, has a portfolio of four products marketed primarily in the US. The transaction is expected to close by mid-2014.

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