Simpson Thacher Represents Best Buy in Announced Agreement by Citigroup to Purchase Best Buy Card Portfolio

The Firm is representing Best Buy Co., Inc. (NYSE: BBY) in connection with the announced agreement by Citigroup to purchase from Capital One Financial Corporation (NYSE: COF) and issue and manage for Best Buy the $7 billion portfolio of Best Buy-branded private label and co-branded credit cards in the United States. The transaction is subject to customary conditions.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Office Depot in Announced Merger of Equals with OfficeMax

The Firm is representing Office Depot, Inc. (NYSE: ODP) in connection with its announced merger with OfficeMax Incorporated (NYSE: OMX). Under the terms of the merger agreement, the companies will be combined in an all-stock merger of equals transaction. The transaction is subject to stockholder approval from both companies, the receipt of regulatory approvals and other customary closing conditions, and is expected to close by the end of calendar year 2013.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Morgan Lewis Advises InterEnergy on $100M Equity Investment from IFC and the IFC ALAC Fund to Help Grow and Develop Cleaner Energy Sources in the Caribbean and Latin America

International Finance Corporation (IFC), a member of the World Bank Group, and the IFC African, Latin American and Caribbean Fund (IFC ALAC Fund), today announced a joint $100 million equity investment to help Cayman-based InterEnergy Holdings (IEH), owner and operator of power generation and distribution assets in Latin America and the Caribbean, to develop cleaner and more efficient energy sources in the Caribbean and expand operations in Latin America. IFC and the IFC ALAC Fund will each provide $50 million in equity to IEH.

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Tags:  Morgan Lewis & Bockius LLP | New York

Simpson Thacher Represents J.P. Morgan and BTMU in $1.2 Billion Bridge Financing to Total System Services in Connection with Total System Services’ Acquisition of NetSpend

Simpson Thacher is representing J.P. Morgan Securities LLC, as bookrunner and a lead arranger and The Bank of Tokyo-Mitsubishi UFJ, Ltd. as a lead arranger in connection with $1.2 billion in bridge financing to Total System Services, Inc. in connection with its acquisition of NetSpend Holdings, Inc. in an all cash transaction valued at approximately $1.4 billion. The proceeds of the bridge facility may be used, in part, to finance the acquisition, to repay certain indebtedness of NetSpend and to pay fees and expenses related thereto.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Davis Polk – TSYS Acquires NetSpend

Davis Polk is advising BofA Merrill Lynch as financial adviser to Netspend Holdings, Inc. in connection with its approximately $1.4 billion acquisition by Total System Services, Inc. (TSYS). The transaction is expected to close in mid-2013, and is subject to regulatory approvals, approval by NetSpend shareholders and customary closing conditions.

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Tags:  Davis Polk & Wardwell | New York