International law firm Freshfields Bruckhaus Deringer has advised Advent International, one of the leading global private equity firms, on its acquisition of the coating resins business of Cytec Industries Inc., for $1.15 billion. The transaction, subject to regulatory approval and other customary closing conditions, is expected to be completed in the first quarter of 2013.
Tags: Freshfields Bruckhaus Deringer LLPBingham McCutchen LLP announced today the expansion of its global regulatory and transactional practice and its Bingham Consulting LLC capabilities with the addition of former White House deputy counsel John Schmitz. Schmitz will join the firm as a partner and principal in Bingham Consulting LLC in the Washington, D.C., office.
Simpson Thacher recently represented J.P. Morgan Securities LLC, as a joint lead arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with the closing of an amendment and extension of Universal Health Services, Inc.’s (“UHS”) senior secured credit facilities. As a part of the amendment and extension, new lenders provided UHS with $900 million of additional Term A Loans and lenders under UHS’s existing senior secured credit facilities agreed to extend the maturity of approximately $892 million of UHS’s existing term A loans and approximately $732 million their revolving commitments.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe firm represented J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as representatives of the initial purchasers of $375 million of 6.125% Senior Notes due 2020 of Wolverine World Wide, Inc. The firm also represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with $1.1 billion in new senior credit facilities for Wolverine. The proceeds of the notes offering and borrowings under the new senior credit facilities were used to finance a portion of the acquisition of the Performance + Lifestyle Group business of Collective Brands, Inc. by Wolverine and repay certain indebtedness.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm is representing CorpBanca S.A. (NYSE: BCA; BCS: CORPBANCA), Chile’s fifth-largest lender, in connection with its $1.28 billion agreement to acquire Helm Bank S.A. Following the acquisition, Helm Bank will become the sixth-largest bank in Colombia. An affiliate of CorpBanca signed an agreement with the owners of Helm Bank to purchase 91 percent of Helm Bank’s ordinary shares and will make an offer to minority holders to purchase the remaining shares. An affiliate of CorpBanca has also agreed to purchase 80 percent of Helm’s insurance unit for $17 million.
Tags: Simpson Thacher & Bartlett LLP | New York
The London office of Baker Botts LLP, the international law firm which advises global clients primarily in the energy, technology and life sciences sectors, completed two deals within the past two weeks which underline the firm’s strengths in the TMT (technology, media and telecoms) sector.
Tags: Baker Botts LLP
Perkins Coie is pleased to announce that Martin P. Willard has rejoined the firm’s Washington, D.C. office as a partner in the firm’s Government Contracts Practice Group. He was most recently a partner at Wiley Rein LLP. Willard practiced at Perkins Coie from 1988-2005. He is the latest partner to join Perkins Coie, which has added 32 lateral partners since the beginning of 2012.
Tags: Perkins Coie LLP
Christian W. Liedtke has joined Buchalter Nemer’s Intellectual Property Practice Group, while awaiting California Bar results. Mr. Liedtke previously worked with Magic Circle and AmLaw 100 firms in Germany, the UK, and on both U.S. coasts. Leveraging his international background, Mr. Liedtke is experienced in national and particularly international multi-jurisdictional patent, trademark, design, unfair competition and copyright litigation.
Tags: Buchalter PC | Los Angeles
Davis Polk advised Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as representatives in connection with the public offering of $2 billion aggregate principal amount of 0.85% notes due 2015, $3 billion aggregate principal amount of 2.7% notes due 2022 and $2 billion aggregate principal amount of 4.125% notes due 2042 by General Electric Company (GE).
Tags: Davis Polk & Wardwell | New York