Convenience Store Giants Kangaroo Express® and Circle K Circle Up In $1.7 Billion Deal

Willkie represents The Pantry, Inc. in deal to be acquired by Alimentation Couche-Tard Inc.

On December 18, Canadian convenience store leader Alimentation Couche-Tard Inc., which operates under the Circle K banner, announced it will acquire Willkie client The Pantry, Inc., which has more than 1,500 convenience stores in the southeastern United States, including the Kangaroo Express® chain.

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Aramark Completes $840 Million Secondary Offering

The Firm represented Aramark in connection with an $840 million secondary offering, consisting of a sale by certain selling stockholders of 34,500,000 shares of common stock (including 4,500,000 shares sold pursuant to the underwriters’ full exercise of their option) at a public offering price of $28 per share.

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Paul Hastings Represents Sterling Value Add Partners II in the Formation of a $311 Million Fund

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Sterling Value Add Partners II, L.P. and its sponsor, The Sterling Organization, LLC, in the formation of a $311 million private investment fund that will focus on acquiring and managing value-add retail and mixed-use real estate investments in various target markets in the United States. The Fund held its final closing on December 9, 2014, raising capital from a diverse investor base including, among others, public and private pension funds, endowments and private foundations. Paul Hastings also represented the Fund in establishing a $75 million subscription line credit facility.

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Dentons adds banking regulatory partner Lloyd Winans in New York office

Dentons announced today that Lloyd Winans joined its Corporate Practice as a partner, adding significant international and domestic banking and finance regulatory experience to the Firm’s already robust capabilities and increasing its ability to advise clients from Latin America and the Caribbean. He will be resident in the Firm’s New York office.

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Xerox’s $1.05 Billion Sale of ITO Business to Atos

Atos, an international leader in digital services, and Xerox, a global business services, technology and document management company, announced their intention for Atos to purchase Xerox’s ITO business for $1.05 billion and become a primary IT provider for Xerox. Cravath represented Xerox in connection with this transaction, which is subject to customary closing conditions, regulatory and antitrust approvals and is expected to close in the first half of 2015.

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Cahill Represents Underwriters in $966 Million Common Stock Offering by Aramark

Cahill represented the lead underwriters in connection with the public offering of 34,500,000 shares of Common Stock of Aramark (NYSE: ARMK), a leading global provider of food, facilities and uniform services, resulting in gross proceeds of $966,000,000. The selling stockholders received all of the proceeds of the sale.

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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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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