Prominent Corporate/REIT Group joins Dentons in Dallas

Dentons announced today that Toni Weinstein, Donald A. Hammett Jr. and X. Lane Folsom have joined its Corporate Practice as partners. The integrated team they lead focuses on public securities and transactional matters, particularly in Real Estate Investment Trusts (REITs), and real estate investment and operating structures. They are resident in the Firm’s Dallas office.

With their arrival, Dentons continues the momentum of significant corporate and tax hires around the world who are able to support clients with complex corporate transactions.

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Baker Botts Represents EnLink in $600 Million Acquisition of Coronado Midstream

The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner) (together “EnLink”), announced a definitive agreement to acquire Coronado Midstream Holdings LLC (“Coronado”), which owns natural gas gathering and processing facilities in the Permian Basin, for approximately $600 million, subject to certain adjustments

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Alston & Bird Expands Finance Practice with Four New Partners in Dallas

Alston & Bird today announced a significant expansion of its Finance Practice with the hiring of four new partners and four additional attorneys in Dallas. The group brings with it considerable real estate and structured finance experience and in-depth capabilities in domestic and cross-border public and private securitization transactions, floating and fixed-rate portfolio financing, mortgage- and asset-backed securities and loan servicing.

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Marc Myrin Joins Carrington Coleman

Carrington Coleman is pleased to announce that Marc Myrin has joined the firm as a Partner. As Carrington Coleman continues implementing its plan for strategic growth to better serve its growing client base, Mr. Myrin will bring new capabilities to the firm and extend its existing capacity. Mr. Myrin is in the Real Estate and Transactions practices at Carrington Coleman.

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Procter & Gamble sells Duracell to Berkshire Hathaway for $2.9 billion

Jones Day is advising The Procter & Gamble Company (“P&G”) in the sale of its Duracell personal power business to Berkshire Hathaway Inc. for $2.9 billion. Following the sale of P&G’s interest in its Nanfu joint venture, which operated P&G’s battery business in China, P&G entered into a Transaction Agreement on November 13, 2014 with Berkshire Hathaway Inc. and certain of its affiliates under which P&G will transfer its Duracell business to Berkshire Hathaway in a private split-off transaction. In this unusual tax-free structure (sometimes referred to as a “cash rich private split”), P&G will convey its Duracell business (which will be infused with $1.8 billion in additional cash) to a newly formed subsidiary (SplitCo) and will exchange its shares in SplitCo for approximately $4.7 billion of outstanding P&G shares currently held by the Berkshire Hathaway group. The transaction is expected to close in the second half of calendar year 2015.

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Province of Ontario C$500 Million Global Green Bond Offering

Davis Polk advised underwriters represented by CIBC World Markets Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc. and RBC Dominion Securities Inc. in connection with the offering of C$500 million aggregate principal amount of 1.75% bonds due October 9, 2018, issued by the Province of Ontario. The net proceeds of the bonds will be used for special environmental projects. This is the inaugural green bonds offering for the Province of Ontario.

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