Shearman & Sterling represented Anglo American plc in its sale of Moly-Cop and AltaSteel to OneSteel Limited for a total consideration of $932 million on a debt and cash free basis. Completion of the transaction is conditional on antitrust clearance in Canada, and it will undergo regulatory review in Australia and Brazil.
Tags: Shearman & Sterling LLPMonthly Archives: November 2010
Katten Represents GSW Sports in Purchase of NBA’s Golden State Warriors
Katten Muchin Rosenman LLP is pleased to have represented GSW Sports LLC, a buyer group led by Kleiner Perkins Caufield & Byers managing partner Joe Lacob and Mandalay Entertainment founder Peter Guber, in completing the acquisition of the National Basketball Association’s Golden State Warriors. The deal, first announced in July, has been approved by the NBA and transfers control of the franchise to Mr. Lacob and Mr. Guber from Christopher Cohan, who had owned the team since 1995.
Tags: Katten Muchin Rosenman LLPClifford Chance Advises on UEFA-Related US$568 Million Debt Capital Raising
Clifford Chance’s London office recently advised on the Rule 144A/Reg. S offering of US$568 million 8.375% guaranteed notes due 2017 issued by an Ukrainian state agency for the purpose of financing the construction of infrastructure for the 2012 UEFA European Football Championship in Ukraine.
Tags: Clifford Chance LLPNorton Rose corporate team advises Polish Treasury on IPO of Warsaw Stock Exchange
A cross-border corporate team at international legal practice Norton Rose LLP has advised the Polish State Treasury of the Republic of Poland on the initial public offering (IPO) and listing of the Warsaw Stock Exchange (WSE) on its own trading platform. The trading of the listed shares started on Tuesday (9 November 2010) and shares were finally allocated on Thursday 4 November 2010.
Tags: Norton Rose FulbrightDavis Polk Advises Citibank on the Sale of Portfolio of Multifamily and Commercial Real Estate Loans to OneWest Bank
Davis Polk & Wardwell LLP advised Citibank, N.A. in connection with the sale of a $1.4 billion multifamily and commercial real estate loan portfolio to OneWest Bank, FSB. The financial terms of the transaction were not disclosed.
Tags: Davis Polk & WardwellWillkie Represents Brookfield Asset Management in the $6.5 Billion Acquisition of a Major Equity Stake in GGP
General Growth Properties, Inc., the country’s second-biggest shopping mall owner, announced that it has successfully completed the final steps of its financial restructuring and has emerged from chapter 11. A multidisciplinary Willkie team advised a Brookfield Asset Management, Inc. consortium as DIP lender and cornerstone investor ($2.6 billion) that successfully — in conjunction with other independent equity sponsors — acquired a significant equity stake in GGP upon its emergence from chapter 11 for a total of $6.5 billion. GGP, an over $30 billion REIT, issued equity under its confirmed plan of reorganization with a market value of approximately $9 billion.
Tags: Willkie Farr & Gallagher LLPSimpson Thacher Represents the Placement Agents in US$381.4 Million Initial Public Offering of Brasil Insurance Participações e Administração S.A.
Simpson Thacher recently represented Morgan Stanley & Co. Incorporated, BTG Pactual US Capital Corp., J.P. Morgan Securities LLC and HSBC Securities (USA) Inc., as placement agents in connection with the initial public offering of common shares of Brasil Insurance Participações e Administração S.A. The common shares were offered to the public in Brazil, to qualified institutional buyers in the United States under Section 4(2) of the Securities Act and to non-U.S. persons under Regulation S. The transaction raised R$644.6 million (approximately US$381.4 million) in proceeds.
Tags: Simpson Thacher & Bartlett LLP | Sao PauloNorton Rose Advises Europa on Sale of Strategic Stake to Rockefeller Group Creating £12.7bn Fund Management Group
International legal practice Norton Rose LLP acted for Europa Capital, the European private equity real estate fund manager, on the sale of a strategic stake to Rockefeller Group, creating a $20 billion (£12.7bn) fund management group.
Tags: Norton Rose FulbrightK&L Gates Advises HaloSource, Inc., on $80 Million Institutional Placing and AIM Admission
A three-continent team of lawyers from K&L Gates LLP recently advised United States clean water and antimicrobial technology company HaloSource, Inc., on the company’s $80 million institutional placing – including a $30 million vendor placing – and admission to the London Stock Exchange’s AIM market. Trading in HaloSource’s shares commenced in October, giving HaloSource an initial market capitalization of approximately $158 million.
Tags: K&L GatesEversheds advises on £900m IPO of AZ Electronics
International law firm Eversheds has advised the management team and individual shareholders of AZ Electronic Materials in its £900 million initial public offering (IPO), one of the largest IPO’s in Europe this year.
Tags: Eversheds Sutherland