Vorys Continues Growth in Houston; Welcomes Nine Litigators

Vorys, Sater, Seymour and Pease LLP announced today that nine trial lawyers, with diverse civil litigation backgrounds, will join the firm’s Houston office. The attorneys will start at the firm on January 5. Their arrival continues the firm’s expansion in Houston and strengthens Vorys nationally recognized litigation and energy groups.

Dick Schwartz, Monica Oathout, David Finck, Phillip Bechter, Steve Rech and Heather Kabele will join Vorys as partners. Jim Marrow will join as of counsel, and Mark Merrell and Jim Barnish come to the firm as associates. All nine lawyers most recently practiced law at Schwartz, Junell, Greenberg & Oathout LLP in Houston.

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Simpson Thacher Represents Barclays Capital Inc. in Follow-on Offering of 8,000,000 Shares of Common Stock of Bright Horizons Family Solutions Inc.

The Firm recently represented Barclays Capital Inc. (“Barclays”) as underwriter in connection with a registered public offering of 8,000,000 shares of common stock of Bright Horizons Family Solutions Inc. (“Bright Horizons”). Bright Horizons concurrently repurchased 4,500,000 of the shares from Barclays. A total of approximately $358.5 million in proceeds was raised in the offering. Affiliates of Bain Capital Partners, LLC and certain other selling stockholders received all of the proceeds from the offering.

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OnDeck Raises $200 Million in IPO, Valued at $1.3 Billion

​On Deck Capital, Inc., a leading online platform for small business lending, priced its initial public offering at $20 per share on December 16, 2014, valuing the company at $1.3 billion – the largest venture-backed tech company IPO in New York based on market cap at pricing. The closing of the offering is expected to occur on December 22, 2014, subject to customary closing conditions.

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Herbert Smith Freehills advises on oOh!media IPO

Herbert Smith Freehills has advised oOh!media Limited (oOh!media) in relation to its initial public offering and listing on the Australian Securities Exchange (ASX). The offer consists of an institutional offer, broker firm offer and priority offer (Offer) and values oOh!media at A$365.5 million at the offer price of A$1.93 per share.

oOh!media is Australia’s largest out of home media company and provides advertisers with access to a diverse range of audiences across its national portfolio of out of home advertising spaces throughout Australia and New Zealand.

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Davis Polk Advises Dynacast on Its Acquisition by Partners Group

Davis Polk is advising Dynacast International and its primary private equity owners, including Izurium Capital Management, W Capital Management and Laurel Crown Partners, in connection with the $1.1 billion acquisition of a controlling stake by Partners Group. The transaction has fully committed financing from JPMorgan Chase Bank, N.A., Barclays and Macquarie Capital, and is expected to close in February 2015.

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Shearman & Sterling Advises ARX on Acquisition of Controlling Interest by The Progressive Corporation

Shearman & Sterling is advising ARX Holding Corp., the parent company of American Strategic Insurance Corp. (ASI), on the sale of a controlling position to The Progressive Corporation for approximately $875 million in cash.

The shares will be purchased primarily from non-management shareholders and will bring Progressive’s interest in the company to approximately 67%, up from the 5% interest it has held since 2012. ASI will continue to operate as a separate company under its current management team. The transaction is expected to close by April 1, 2015, subject to closing conditions. Additionally, Progressive expects to purchase the remaining shares of the company over the next six years.

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Paul Hastings Advises Banks in Financing the $1.24 billion Acquisition of DSS Group, Inc. by Cott Corporation

Paul Hastings LLP, a leading global law firm, represented the banks in connection with certain aspects of the financing of the $1.24 billion acquisition of DSS Group, Inc., the parent company of DS Services of America Inc., by Cott Corporation, one of the world’s largest producers of beverages on behalf of retailers, brand owners and distributors. Paul Hastings represented Barclays, Credit Suisse, JP Morgan, Bank of America and Deutsche Bank in connection with their commitments to provide debt financing in connection with the transaction. Paul Hastings also represented Barclays, as solicitation agent, in connection with the solicitation of consents by DS Services of America, Inc. from holders of DSS Group, Inc.’s 10.00% Second Priority Senior Secured Notes due 2021 related to certain amendments to the indenture governing such notes.

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McDermott advises Olam International on its $1.3 billion acquisition of Archer Daniels Midland Company’s global cocoa business

International law firm McDermott Will & Emery represented Olam International Limited in its pending acquisition of Archer Daniels Midland Company’s (ADM) global cocoa business. The US$1.3 billion transaction will establish Olam Cocoa as one of the world’s top three cocoa processors.

Based in Singapore and listed on the SGX-ST, Olam is a leading agri-business operating in 65 countries. Its Cocoa business is one of the world’s largest suppliers of sustainable cocoa and is a leader in long-term sustainability initiatives.

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