Clifford Chance advised Pfizer on the IPO of its former Animal Health business ZOETIS. With the IPO, Pfizer has created the world’s largest standalone company fully devoted to animal health medicines and vaccines.
Tags: Clifford Chance LLP
Norton Rose Advises Consortium of Banks on €855m Investment in the North Sea Wind Farm Butendiek
International legal practice Norton Rose has advised a consortium of banks led by KfW IPEX-Bank, UniCredit and Bremer Landesbank on the financing of the offshore wind farm Butendiek in the North Sea. The consortium finances this large-scale project with loans in the total amount of approximately €855m; the overall investment volume is about €1.3bn. The remaining funds are raised by the group of investors consisting of Industriens Pension, Marguerite, PKA, Siemens Project Ventures and wpd.
Tags: Norton Rose Fulbright
Willkie Represents Citigroup Global Markets, Deutsche Bank Securities and J.P. Morgan Securities in Lennar’s $450 Million Bond Offering
On February 4, Lennar Corporation announced the closing of its Rule 144A offering of $275 million principal amount of its 4.125% Senior Notes due 2018 and $175 million principal amount of its 4.750% Senior Notes due 2022. Willkie represented the initial purchasers, led by Citigroup Global Markets, Deutsche Bank Securities and J.P. Morgan Securities. Miami-based Lennar, one of the nation’s largest homebuilders, constructs affordable, move-up and retirement homes.
Tags: Willkie Farr & Gallagher LLP | New York
King & Spalding Launches Russian Disputes Practice with Hire of Ilia Rachkov
King & Spalding has recruited leading Russian law expert Ilia Rachkov to establish an international disputes practice in Moscow as the firm continues to strengthen its global dispute resolution offering.
Tags: King & Spalding LLP | Moscow
T&K Expands New York Office
The law firm of Thompson & Knight LLP is pleased to announce the addition of Gregg J. Berman and Joseph A. Sarcinella in the Firm’s New York office. Berman joins as a Partner in the Corporate and Securities Practice Group, and Sarcinella joins the Real Estate and Banking Practice Group.
Tags: Thompson & Knight LLP | New York
Alston & Bird Continues to Expand in Los Angeles
Alston & Bird LLP announced today that Charles W. Cox has joined its litigation team as a partner in the firm’s Los Angeles office. Mr. Cox focuses on representing clients in complex commercial litigation, including stockholder litigation, class actions, derivative suits and matters related to mergers and acquisitions.
Tags: Alston & Bird LLP | Los Angeles
Herbert Smith Freehills Advises Sinopec Corp on Its US$3.1 Billion Share Placement
Herbert Smith Freehills has advised China Petroleum & Chemical Corp (“Sinopec Corp.”) on the Hong Kong and US aspects of its US$3.1 billion (HK$23.97 billion) private placement of new H-shares. The new shares will be listed on the Hong Kong Stock Exchange (“HKSE”) on or about 14 February, 2013. It will be the largest equity transaction in Asia so far this year, and Sinopec Corp.’s first major equity offering since its IPO in 2000.
Tags: Herbert Smith Freehills LLP | Beijing
Allen & Overy – Financing for Liberty Global Bid for Virgin Media
Allen & Overy has acted for the underwriting banks on the term loan facilities equivalent to around USD4.4 billion, a high yield bridge equivalent to around USD900 million, a senior secured note bridge equivalent to around USD2.3bn and other facilities for the financing of Liberty Global’s USD23.3bn cash and stock bid for Virgin Media.
Tags: Allen & Overy LLP
Pillsbury Advises Duke Energy on $835 Million Insurance Payout
Nuclear Electric Insurance Limited (NEIL) will pay $835 million in claims to Progress Energy Florida, a subsidiary of Duke Energy, for repairs and power replacement costs stemming from the dormant Crystal River nuclear energy plant in Florida. The payout, under the terms of a mediator’s proposal, is the largest in NEIL’s history.
Tags: Pillsbury Winthrop Shaw Pittman LLP
Jones Day Welcomes Two New Partners in Amsterdam as Office Officially Opens
The global law firm Jones Day has announced that its Amsterdam Office opened February 1 and will move to its offices at Museumplein 17 from its current temporary offices in April. As part of Jones Day Amsterdam’s official opening, the Firm also announced that Marcel van de Vorst and Marc Rijkaart van Cappellen have joined the new office as M&A partners.
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