Monthly Archives: January 2011

White & Case Acts for Mexichem on US$300M Acquisition

Friday, January 21, 2011
Global law firm White & Case LLP advised Mexichem SAB de CV, a major Mexican chemical producer, on its US$300 million acquisition of the AlphaGary Plastic Compounding Business Division of Rockwood Holdings, Inc. (NYSE: ROC). This is the second acquisition in which White & Case acted for Mexichem in less than a year.

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Tags:  White & Case LLP

Travers Smith Advises Cenkos and Investec on Assura’s Placing and Open Offer and Takeover of AH Medical Properties

Friday, January 21, 2011

Travers Smith is advising Cenkos Securities plc, as financial adviser, sponsor and broker, and Investec Bank plc, as broker to Assura Group Limited (“Assura”) (the Guernsey incorporated medical property operator), on its recommended offer for AH Medical Properties plc (the “Offer”) and related placing and open offer on the Official List.

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Tags:  Travers Smith

Simpson Thacher Represents JPMorgan Chase & Co. in the Sale of Approximately $400 Million of Credit Card Assets

Friday, January 21, 2011
Simpson Thacher represented JPMorgan Chase & Co. in connection with its sale of approximately $400 million of credit card assets to GE Capital Retail Consumer Finance, a consumer lending unit of General Electric Company.  The transaction involves a sale of JP Morgan’s consumer credit card receivables associated with a private label and co-branded MasterCard program for The TJX Companies, Inc., a leading off-price retailer of apparel and home fashions.  The transaction is expected to close in the second quarter of 2011, subject to customary closing conditions.

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Tags:  Simpson Thacher & Bartlett LLP

Clifford Chance Advised the Bondholders of Elektrim S.A.

Friday, January 21, 2011
Clifford Chance represented the bondholders of Elektrim S.A. (EUR 500 m eurobonds) in Poland in a prominent dispute before the commercial, bankruptcy and arbitration courts. The case was closely related to the end of the dispute concerning ownership of shares in Polska Telefonia Cyfrowa, between Elektrim, Vivendi and Deutsche Telekom.

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Tags:  Clifford Chance LLP