Porter Hedges Expands Energy Practice with New Office in Oklahoma City Led by Partner C. Ray Lees

Porter Hedges has expanded its energy practice with the opening of a new office in Oklahoma City led by partner C. Ray Lees. Mr. Lees’ practice focuses on upstream and midstream oil and gas transactions including mergers, acquisitions & divestitures, joint ventures, finance, and real estate. He joins Porter Hedges along with of counsel Kendra D. Streeter and associates John H. Edwards and David K. Gannaway.

More >>

Shearman & Sterling Advises Arrangers in $725 Million Acquisition Financing of Grocery Outlet by Hellman & Friedman

Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., Deutsche Bank Securities Inc. and Jefferies Finance LLC as joint lead arrangers and joint bookrunners in connection with a $725 million financing, comprising of a $450 million first lien term loan facility, a $75 million revolving credit facility and a $200 million second lien term loan facility, related to the acquisition of Grocery Outlet Inc. by Hellman & Friedman LLC.

More >>

Stephenson Harwood advises on $2.5 billion development deal in Oman

International law firm Stephenson Harwood LLP has advised on a large scale real estate and tourism development project in Oman.

The Omagine project, which will cost approximately 2.5 billion US dollars to develop, was agreed with the Ministry of Tourism for the government of Oman and Omagine LLC. The project team from Stephenson Harwood’s Dubai office advised Omagine LLC, which will design, build, own and operate the mixed use ‘integrated tourism complex’ under a special royal decree which allows non-Omani citizens to buy and own real estate in Oman which is connected to a tourism development. The development agreement was signed on October 2, 2014.

More >>

Kirkland Advises Vista Equity Partners in Formation and Fundraising of Vista Equity Partners Fund V

Kirkland represented Vista Equity Partners in the formation and fundraising of Vista Equity Partners Fund V, its fifth flagship fund, which completed its fundraising six months early and announced its final closing on October 15, 2014. With Kirkland’s assistance, Fund V far exceeded its $3.5 billion target, raising in excess of $5.775 billion in limited partner commitments. Investors in Fund V include significant commitments from Fund IV limited partners as well as new corporate limited partners, public pension plans, non-U.S. pension funds and sovereign wealth funds, foundations and high-net-worth individuals, including many Vista portfolio company executives. Target investments, for which Vista routinely retains Kirkland as counsel, will focus on middle and upper-middle market enterprise software companies.

More >>

Goodwin Procter Advises HubSpot on Initial Public Offering

Goodwin attorneys recently advised marketing and sales software company, HubSpot, on its initial public offering of 5,000,000 common shares. Shares priced at $25 per share and trading began on October 9 on the New York Stock Exchange under ticker “HUBS.”

More >>

Simpson Thacher Represents Tesoro Logistics LP in Committed Financing in Connection with its Announced Acquisition of QEP Field Services, LLC.

The Firm is representing Tesoro Logistics LP (“TLLP”) in connection with the committed financing for its announced acquisition of 100% of the outstanding equity interests of QEP Field Services, LLC (“QEPFS”), including up to $2.5 billion in senior unsecured bridge financing and a $900 million revolving credit facility. The bridge financing will be reduced by the amount of gross proceeds TLLP receives from a public offering of its common units and a private placement of its debt securities.

More >>

Weil Advises GLOBALFOUNDRIES in its Agreement to Acquire IBM’s Global Commercial Semiconductor Technology Business

Weil is advising GLOBALFOUNDRIES in its agreement to acquire IBM’s global commercial semiconductor technology business, including intellectual property and technologists and technologies related to IBM Microelectronics. Following completion, GLOBALFOUNDRIES will also receive $1.5 billion cash over three years from IBM and will become IBM’s exclusive server processor semiconductor technology provider for 22nm, 14nm and 10nm semiconductors for the next 10 years. This acquisition will give GLOBALFOUNDRIES a substantial intellectual property portfolio containing thousands of patents, making it the holder of one of the largest semiconductor patent portfolios in the world. Completion of the transaction is subject to the satisfaction of regulatory requirements and customary closing conditions.
GLOBALFOUNDRIES is the world’s first full-service semiconductor foundry with a global manufacturing footprint, and is the second largest semiconductor foundry in the world. GLOBALFOUNDRIES is owned by Mubadala Development Company PJSC. IBM is a multinational technology and consulting corporation.

More >>