Monthly Archives: September 2014

Simpson Thacher Represents Initial Purchasers in $5.75 Billion Notes Offering by Roche

Tuesday, September 30, 2014

The Firm recently represented Deutsche Bank, J.P. Morgan, MUFG and Credit Suisse as bookrunners for a $5.75 billion offering by Roche Holdings, Inc. of notes, guaranteed by Roche Holding Ltd. The offering consisted of six series of notes, including three-year and five-year floating rate notes and three-year, five-year, seven-year, and ten-year fixed rate notes. The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933. The proceeds of the offering were used for general corporate purposes, including the funding of Roche’s tender offer for the shares of Intermune, Inc. More >>

Tags:  Simpson Thacher & Bartlett LLP | London

Kirkland Advises Vista Equity Partners in its Acquisition of TIBCO Software Inc.

Tuesday, September 30, 2014

Kirkland & Ellis LLP represents Vista Equity Partners, a leading private equity firm focused on software, data and technology-enabled businesses, which today announced it entered into a definitive agreement to acquire TIBCO Software Inc. (NASDAQ: TIBX), a global leader in infrastructure and business intelligence software. Under the terms of the agreement, TIBCO stockholders will receive $24.00 per share in cash, or a total of approximately $4.3 billion, including the assumption of net debt. The transaction, which is expected to close in the fourth calendar quarter of 2014, is subject to approval by TIBCO stockholders, regulatory approvals and other customary closing conditions. More >>

Tags:  Kirkland & Ellis LLP | New York | San Francisco

Mayer Brown advises on €1.35 billion refinancing of Budapest Airport

Tuesday, September 30, 2014

Leading global law firm Mayer Brown has advised Budapest Airport on the refinancing of €1.35 billion loan facilities and associated interest rate swaps.The refinancing includes a €1 billion five-year senior term loan and a €300 million junior facility.

Budapest Airport was acquired in 2007 by a consortium of investors including AviAlliance (formerly Hochtief Airport), Caisse de Depot et Placement du Quebec, the Government of Singapore’s investment arm Malton and KFW Ipex Bank. More >>

Tags:  Mayer Brown LLP | London

DLA Piper represents Pacific DataVision in equity raise and acquisition of spectrum licenses

Tuesday, September 30, 2014

DLA represented Pacific DataVision, Inc., a provider of mobile workforce management solutions, in a 144A offering of shares of its common stock worth US$218 million. The firm also represented Pacific DataVision in its US$100 million acquisition of FCC spectrum licenses from Sprint Corporation, as well as its licensing transaction of US$17.5 million by Motorola Solutions, Inc. More >>

Tags:  DLA Piper | Chicago | New York | San Diego

Gordon & Rees Opens Tampa Office and Continues National Expansion

Tuesday, September 30, 2014

Gordon & Rees opened its newest office in Tampa to serve clients’ needs in Northern and Central Florida. The Tampa office will complement the firm’s already existing Miami office to offer the highest quality legal services at affordable rates throughout the state of Florida. Tampa is the firm’s 32nd U.S. location since Gordon & Rees was founded nearly 40 years ago. More >>

Tags:  Gordon Rees Scully Mansukhani, LLP | Tampa

Hogan Lovells Advises TESARO on Closing of US$201.25 Million Public Offering

Tuesday, September 30, 2014

Hogan Lovells represented TESARO, Inc. (Nasdaq: TSRO), an oncology-focused biopharmaceutical company, in its closing of a US$201.25 million public offering of three percent convertible senior notes due in 2021, including full exercise of the underwriters’ option.

TESARO used approximately US$20.83 million of the net proceeds from the offering to fund the payment of the cost of capped call transactions, and expects to use the remaining net proceeds to fund commercialization activities for rolapitant (oral formulation), clinical trials for rolapitant (intravenous formulation), niraparib and TESARO’s other product candidates, to carry out TESARO’s immuno-oncology platform strategy, and for working capital and general corporate purposes. Citigroup and Deutsche Bank Securities acted as joint book-running managers for the offering, with Leerink Partners, Baird and BMO Capital Markets acting as co-managers. More >>

Tags:  Hogan Lovells | Washington

Cahill Represents Underwriters in $1 Billion Public Offering by Ally

Tuesday, September 30, 2014

Cahill represented the joint book-running managers and the co-managers in connection with the public offering of $300,000,000 aggregate principal amount of 3.250% Senior Notes due 2017 and $700,000,000 aggregate principal amount of 5.125% Senior Notes due 2024 by Ally Financial Inc. Proceeds from the offering were used to fund concurrent tender offers. More >>

Tags:  Cahill Gordon & Reindel LLP | New York

Baker Botts Represents EnLink in $235 Million Acquisition of Natural Gas Pipeline Assets from Chevron

Tuesday, September 30, 2014

On September 29, 2014, the EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner) (together “EnLink”), announced that a subsidiary of the Partnership signed a definitive agreement with Chevron Pipe Line Company and Chevron Midstream Pipelines LLC to acquire Gulf Coast natural gas pipeline assets including the Bridgeline system (“the natural gas assets”) predominantly located in Southern Louisiana for $235 million, subject to certain adjustments. More >>

Tags:  Baker Botts LLP | Dallas

Armstrong Teasdale Expands to Colorado; Opens Denver Office with 10 New Lawyers

Tuesday, September 30, 2014

As part of its western expansion initiative, Armstrong Teasdale LLP is adding 10 lawyers to open a Denver office on October 1, 2014. The attorneys are all formerly of Denver-based Steese Roberts & Frankel P.C. Their addition complements Armstrong Teasdale’s core strengths and expands its national capabilities in intellectual property, telecommunications, white-collar crime and internal investigations. The move will also create synergies between the Denver location and the firm’s established Las Vegas and Kansas City offices. More >>

Tags:  Armstrong Teasdale LLP | Denver

Linklaters advises on one of the largest IPOs in UAE

Monday, September 29, 2014

Linklaters has advised Emaar Malls Group (EMG), the leading owner and operator of shopping malls in Dubai, and its parent company, Emaar Properties, on EMG’s IPO, the second largest ever in the United Arab Emirates. The initial sale of shares were priced at the top of the proposed range amid huge demand from investors, making it the largest stock offer in a Gulf Arab economy since 2008.

Shares in the initial public offer were priced at 2.90 dirhams per share, giving an overall sale value of 5.8 billion dirhams ($1.58 billion). With a market value of 37.7 billion dirhams upon listing, it will become the third-largest stock on the Dubai Financial Market when it begins trading on Oct. 2. More >>

Tags:  Linklaters | Dubai