The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”) and Ensemble Parent LLC (an affiliate of The Blackstone Group) in the sale by Ensemble Parent LLC of 8,792,572 shares of TeamHealth common stock (including the exercised underwriter’s option), resulting in gross proceeds of $253,665,702.20. After giving effect to the offering, Ensemble Parent LLC owns approximately 14.2% of TeamHealth’s common stock. Credit Suisse acted as underwriter for the offering.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Accenture in Joint Venture with GE Aviation Systems
The Firm represented Accenture plc in connection with the formation of a joint venture with GE Aviation Systems that will provide airlines and cargo carriers around the world intelligent operations services focused on improving efficiency. The new joint venture, called Taleris, will leverage aircraft performance data, prognostics, recovery and planning optimization solutions that will include assets and capabilities from both Accenture and GE.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Initial Purchasers in Offering of Senior Notes by NewMarket Corporation
Simpson Thacher represented the initial purchasers led by J.P. Morgan Securities LLC and RBS Securities Inc. in a recent private offering of $350 million aggregate principal amount of 4.100% Senior Notes due 2022 issued by NewMarket Corporation and guaranteed by certain of its subsidiaries.
Tags: Simpson Thacher & Bartlett LLP | New YorkLeading Equity Derivatives and Sales and Trading Lawyer Joins Morgan Lewis
Morgan Lewis announced today that Will Iwaschuk, a leading equity derivatives and equity sales and trading attorney, has joined the firm as a Partner in its Investment Management and Securities Industry practice, resident in the New York office.
Tags: Morgan Lewis & Bockius LLP | New YorkDavis Polk Advises on Tribune Exit Facility
Davis Polk advised JPMorgan Chase Bank, N.A. as administrative agent and J.P. Morgan Securities LLC as joint lead arranger and bookrunner (JPMorgan) in connection with a $1.1 billion senior secured exit term loan facility for Tribune Company (Tribune) entered into pursuant to Tribune’s chapter 11 plan of reorganization (Plan). Pursuant to intercreditor arrangements with Bank of America, N.A. as administrative agent under a $300 million senior secured exit asset-based revolving credit facility for Tribune, the exit term loan facility is secured on a first priority basis by substantially all assets of Tribune and its subsidiaries (other than accounts receivable and certain related assets (ABL Priority Collateral)) and on a second priority basis by the ABL Priority Collateral.
Tags: Davis Polk & Wardwell | New YorkVeteran Employee Benefits Lawyer, Lee T. Polk, Joins Epstein Becker Green in Chicago
The national law firm of Epstein Becker Green (EBG) today announced that Lee T. Polk, a prominent employee benefits attorney, has joined the firm as a Member in the Employee Benefits practice in the Chicago office.
Tags: Epstein Becker & Green P.C. | New YorkGoldberg Segalla Welcomes Robert A. White as Partner
Goldberg Segalla is pleased to announce Robert A. White has joined the law firm as a partner in its Princeton office. Mr. White’s practice focuses on a wide range of litigation matters, including complex commercial, toxic tort, products liability, insurance recovery, environmental, and trade secrets cases.
Tags: Goldberg Segalla LLP | New YorkAileen Meehan Joins Edwards Wildman as a Partner in the Insurance And Reinsurance Department
Edwards Wildman Palmer LLP is pleased to announce that Aileen Meehan is a new partner in the firm’s Insurance and Reinsurance Department, where she brings more than 25 years of experience as a corporate transactional lawyer. Meehan will reside in the firm’s office in New York City.
Tags: New YorkHunton & Williams LLP Represents Pebblebrook Hotel Trust and Denihan Hospitality Group Joint Venture in $410 Million Debt Financing
Hunton & Williams LLP advised a joint venture of Pebblebrook Hotel Trust and Denihan Hospitality Group, which owns six upscale hotels in New York, in its $410 million interest-only, non-recourse secured loan.
Tags: Hunton Andrews Kurth LLP | New YorkShearman & Sterling Advises ArcelorMittal in $1.1 Billion Sale of Interest in ArcelorMittal Mines Canada to Consortium Led by POSCO and China Steel Corporation
Shearman & Sterling is advising ArcelorMittal in its agreement pursuant to which ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by POSCO and China Steel Corporation (CSC) will enter into a joint venture partnership that will own ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets. The consortium will acquire a 15% interest in the joint venture for total consideration of $1.1 billion in cash, with AMMC and its affiliates retaining an 85% interest. The transaction is subject to various closing conditions, including regulatory clearance by the Taiwanese Government, and is expected to close in two installments in the first and second quarters of 2013.
Tags: Shearman & Sterling LLP | New York