Archer & Greiner PC and Herten, Burstein, Sheridan, Cevasco, Bottinelli, Litt & Harz LLC announced today that the two firms will combine effective May 2, 2011, creating New Jersey’s fourth largest law firm.
Tags: Archer & Greiner Monthly Archives: April 2011
Goodwin Procter Leads Successful Restructuring of Highland Debt for Prudential
Goodwin Procter advised institutional investors in a fund advised by Prudential Real Estate Investors and Ashford Hospitality Trust on a consensual foreclosure and the successful restructuring of approximately $1.3 billion of debt related to the Highland Hospitality portfolio previously owned by JER Partners. Highland’s assets consisted of 28 properties under the Hilton, Marriott, Renaissance, Sheraton and Westin brands. Prior to the restructuring, the Highland portfolio included $700 million of mortgage debt and another $1.1 billion of mezzanine debt separated into eight tranches.
Tags: Goodwin Procter, LLP Davis Polk – Grupo Bimbo, S.A.B. de C.V. $1.3 Billion Term Loan Credit Facility
Davis Polk advised Bank of America, N.A. as administrative agent, HSBC Securities (USA) Inc. and ING Capital LLC as documentation agents, and HSBC Securities (USA) Inc., ING Capital LLC, BBVA Securities Inc., Merrill Lynch, Pierce, Fenner & Smith, Banco Santander (México), S.A. Institución de Banca Múltiple, Grupo Financiero Santander, Citigroup Global Markets Inc. and The Bank of Tokyo-Mitsubishi UFJ, Ltd. New York Branch as joint lead arrangers in connection with a $1.3 billion unsecured term loan credit facility provided to Grupo Bimbo, S.A.B de C.V. The obligations of the borrower under the credit facility are guaranteed by certain of the borrower’s Mexican and U.S. subsidiaries. The proceeds of the credit facility will be used for general corporate purposes.
Tags: Davis Polk & Wardwell WFW Advised on Commarco Sale to WPP Communications Group, the Largest Acquisition in German Advertising Industry
Watson, Farley & Williams, a leading international law firm, is pleased to announce that it advised the management team of Commarco GmbH (“Commarco”), a leading independent marketing services group in Germany, on its sale to WPP, the world’s largest communications services group. Independent mid-market European private equity firm, Cognetas LLP (“Cognetas”) and Commarco’s management team which holds 35% of the company’s share capital agreed to its acquisition by WPP. The purchase price is confidential and is subject to regulatory approval, with the transaction expected to close in the second half of 2011. This is reportedly the largest acquisition in the German advertising industry.
Tags: Watson, Farley & Williams LLP Weil – Johnson & Johnson Acquires Leading Global Medical Device Company
Weil, Gotshal & Manges serves as antitrust counsel to Johnson & Johnson in its acquisition of Synthes, Inc., one of the world’s leading medical device companies. According to the merger agreement announced today, Johnson & Johnson will acquire Synthes for CHF159 per share, or approximately $21.3 billion. Each share of Synthes common stock, subject to certain conditions, will be exchanged for CHF55.65 in cash and CHF103.35 in Johnson & Johnson common stock.
Tags: Weil, Gotshal & Manges, LLP Simpson Thacher Represents Toshiba Medical Systems Corporation in Acquisition of Vital Images, Inc.
Simpson Thacher is representing Japan’s Toshiba Medical Systems Corporation in connection with its acquisition of Vital Images, Inc. in a transaction valued at approximately $273 million. Vital Images, Inc. is a U.S.-based provider of advanced visualization and analysis software for physicians and healthcare specialists. Toshiba Medical Systems Corporation specializes in medical diagnostic imaging systems and is an independent group company of Toshiba Corporation. This is the first acquisition of a U.S. public company by a Toshiba entity.
Tags: Simpson Thacher & Bartlett LLP | Tokyo Rogers & Hardin Represents Primerica in Public Offering
Rogers & Hardin LLP represented long-time client, Primerica, Inc., in connection with the public offering of 12 million shares of Primerica common stock held by a subsidiary of Citigroup, Inc. The offering was made pursuant to an effective shelf registration statement, previously filed by Primerica, which registered $2.2 billion of the company’s securities. Under the effective shelf registration statement, Primerica may offer up to $1 billion of its securities in the future, and certain selling stockholders, including Citigroup, may resell their shares of Primerica’s common stock.
Tags: Rogers & Hardin LLP Fulbright Adds Highly-Regarded Marcellus Shale Team; Opens Western Pennsylvania Office
A highly-regarded six lawyer team has joined the energy and environmental practices of Fulbright as the global firm opened an office in Western Pennsylvania, the center of activity for Marcellus Shale natural gas production.
Tags: Norton Rose Fulbright Littler Mendelson Opens Nashville Office and Brings on Prominent Tennessee Lawyers
Littler Mendelson, P.C. (Littler), the nation’s largest employment and labor law firm representing management, announced today the opening of its 51st office in Nashville, TN. The firm is also pleased to welcome two new shareholders, Jennifer Robinson and C. Eric Stevens.
Tags: Littler Mendelson, P.C. Davis Polk – Air Lease Corporation Initial Public Offering
Davis Polk advised J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC as joint book-running managers in connection with the initial public offering of 34,825,470 shares of Class A common stock of Air Lease Corporation, which includes 4,542,450 shares from the full exercise of the underwriters’ over-allotment option. The gross proceeds from the offering were approximately $872 million. Air Lease Corporation’s Class A common stock is listed on the New York Stock Exchange under the symbol “AL.”
Tags: Davis Polk & Wardwell