Norton Rose Advises on the Recapitalisation of Italian Food and Cosmetics Group

International legal practice Norton Rose Studio Legale has advised the Italian entrepreneur, Canio Mazzaro, on the preliminary phase of the recapitalisation of Bioera, a listed Italian food and cosmetics group currently in administration. The court of Reggio Emilia has approved Mazzaro’s offer to acquire and recapitalise Bioera, including his plan to carry out two Euro 9 million capital increases. The objective of the recapitalisation is to reinforce Bioera’s finances, restore its position as a leading company in the bio-food market and relaunch trading of Bioera shares by June 2011.

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Norton Rose Advises Sumitomo on Acquisition of 10 PV Solar Parks

International legal practice Norton Rose Studio Legale has advised Sumitomo Corporation on the acquisition of 85 percent stakes in two Italian solar power subsidiaries of German-based S.A.G. Solarstrom. As a result of an agreement signed on 3 February 2011, the Japanese-based trading conglomerate will own 10 PV solar parks located in southern Italy having total capacity generation of 9,700kw.

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Shearman & Sterling Advises on Secondary Offering and Repurchase of Quest Diagnostics’ Common Stock

Shearman & Sterling represented Quest Diagnostics Incorporated in connection with an underwritten public offering of 15,377,600 shares of Quest’s common stock held by GlaxoSmithKline plc., its largest stockholder. Concurrently with the public offering, Quest repurchased the 15,377,551 shares of its common stock from GlaxoSmithKline plc. Following this offering and the repurchase, GlaxoSmithKline plc no longer holds common stock of Quest. Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC acted as joint bookrunners for the offering. Quest Diagnostics is the world’s leading provider of diagnostic testing, information and services.

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Cooley Advises Epocrates, Inc. on its Initial Public Offering

Cooley LLP announced that it represented Epocrates, Inc. (NASDAQ: EPOC), in connection with its initial public offering of common stock.  Underwriters include J.P. Morgan Securities LLC and Piper Jaffray & Co., serving as joint book-running managers, and William Blair & Company, L.L.C. and JMP Securities LLC, acting as co-managers.

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Olswang Secures the Sale of Goviral to AOL Europe

Olswang announces that it has advised the selling shareholders on the sale of goviral to AOL Europe. Established in 2005, goviral is a video distribution network that delivers branded content over the internet for some of the world’s largest and most esteemed brands, media agencies creative agencies and content producers. The transaction was completed for $74.1 million in cash with an additional $22.6 million of consideration being paid over two years following completion.

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