Davis Polk is advising Equinix, Inc. on its sale of 16 data centers located throughout the United States to an investment group consisting of 365 Main, Crosslink Capital and Housatonic Partners for approximately $75 million. The transaction is expected to close in the fourth quarter of 2012, subject to customary closing conditions.
Tags: Davis Polk & Wardwell | New YorkBakerHostetler’s Employment and Labor Group Continues Expansion: Jay Krupin and Ana Salper Join Firm
BakerHostetler announced today that Jay P. Krupin and Ana S. Salper have joined the firm’s Employment and Labor Group as Partners. Krupin will be the firm’s National Labor and Employment Practice Team Leader for Industry Sectors and will reside in Washington, D.C. Salper, along with Associate Paul Rosenberg, will be in the Firm’s New York office. All three come to BakerHostetler from Epstein, Becker & Green, P.C.
Tags: Baker & Hostetler LLP | New YorkGoodwin Procter Helps 330 N. Wabash Avenue, LLC Secure $200 Million Construction Loan
A team of Goodwin Procter attorneys helped client 330 N. Wabash Avenue, LLC obtain a $200 million construction loan to fund the ongoing renovations of a landmark Chicago skyscraper. The renovation project involves the 52-story skyscraper at 330 N. Wabash Avenue designed by famed architect Ludwig Mies van der Rohe. The 1.5-million square foot building, which includes class A office space and a luxury hotel, was built in 1971 and has been named a historic landmark.
Tags: Goodwin Procter, LLP | New YorkJohn J. Driscoll Joins TKD as a Partner
Manatt Expands Corporate Practice in New York
Manatt, Phelps & Phillips, LLP, announced that H.H. Sean Wee has joined the firm’s New York office as a partner in the Corporate Practice. Wee comes to Manatt from Dewey & LeBoeuf LLP in New York.
Tags: Manatt, Phelps & Phillips, LLP | New YorkCravath – Credit Suisse’s Arrangement of Financing for Acquisition of DuPont Performance Coatings
On August 30, 2012, E. I. du Pont de Nemours and Company entered into a definitive agreement pursuant to which an affiliate of Carlyle Group LP will acquire its performance coatings unit for approximately $4.9 billion. Cravath represented Credit Suisse as a joint lead arranger of committed financing in connection with this transaction.
Tags: Cravath, Swaine & Moore LLP | New YorkSimpson Thacher Represents Underwriters in $1.55 Billion Initial Public Offering by BlackRock Municipal Target Term Trust
Simpson Thacher recently represented the underwriters, led by UBS Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and Ameriprise Financial Services, Inc. in connection with an initial public offering of common shares of beneficial interest of BlackRock Municipal Target Term Trust (the “Trust”). The offering raised approximately $1.55 billion or approximately $1.78 billion if the underwriters exercise their overallotment option in full.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Walter Investment Management in its Acquisition of Reverse Mortgage Solutions
The Firm is representing Walter Investment Management Corp. (NYSE: WAC) (“Walter Investment”) in connection with its definitive agreement to purchase Reverse Mortgage Solutions, Inc. (“RMS”) in a transaction valued at $120 million. The consideration to be paid by Walter Investment is expected to consist of $60 million in cash, Walter Investment common stock valued at $25 million and $35 million aggregate principal amount of MSR notes of a subsidiary of Walter Investment. The transaction is subject to receipt of governmental approvals, third-party consents and other customary closing conditions. The transaction is expected to close in the fourth quarter of 2012.
Tags: Simpson Thacher & Bartlett LLP | New YorkPaul, Weiss Adds Prominent Employee Benefits Partner
Andrew L. Gaines, a leading employee benefits and executive compensation lawyer, has joined Paul, Weiss as a partner in the New York office.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | New YorkJenner & Block Advises Power Fuels in Merger with Heckmann Corp.
Jenner & Block is advising privately held PowerFuels in a merger with Heckmann Corporation to create a leading environmental services company focused on energy and industrial end-markets. The Wall Street Journal noted in a September 4 article that the cash-and-stock deal is valued at approximately $381 million. PowerFuels is the largest environmental services company in the Bakken Shale area in North Dakota, a leading unconventional shale oil basin. Heckmann is also an environmental services company, focused on water management, treatment, disposal, and environmental solutions for oily waste products.
Tags: Jenner & Block, LLP | New York