Monthly Archives: May 2011

Morgan Lewis Wins $577M, Including $30M in Punitive Damages, for Asahi Kasei Pharma

Thursday, May 5, 2011
Late Tuesday in San Mateo County, a Morgan Lewis trial team for Asahi Kasei Pharma Corp. won $30 million in punitive damages against individual defendants, including Actelion Ltd. CEO Jean-Paul Clozel, following a protracted three-month trial resulting in a jury verdict of nearly $547 million against Swiss biopharmaceutical firm Actelion Ltd. and associated defendants last Friday.

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Tags:  Morgan Lewis & Bockius LLP

Simpson Thacher Represents Time 4 Fun and Selling Shareholders in US$340 Million Initial Public Offering in Brazil

Wednesday, May 4, 2011
Simpson Thacher recently represented T4F Entretenimento S.A. and certain selling shareholders in connection with the initial public offering of 29,310,345 common shares. The common shares were offered to the public in Brazil, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons under Regulation S. The transaction raised R$469 million (approximately US$297 million) in proceeds, in addition to R$70 million (approximately US$44 million) or 4,396,551 additional shares sold by the selling shareholders on exercise of the overallotment option.

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Tags:  Simpson Thacher & Bartlett LLP | Sao Paulo

Baker & McKenzie Expands Middle East & North Africa Practice with New Office in Qatar

Tuesday, May 3, 2011
Baker & McKenzie today announced the opening of an office in Doha, Qatar, expanding its three-decades-long presence in the Middle East and North Africa (MENA) region with its fifth office. The Qatar office will become the Firm’s 69th location worldwide, specializing in banking & finance (including Islamic and project finance), energy & infrastructure, corporate and M&A, real estate & hospitality, construction and dispute resolution to serve both international and domestic clients.

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Tags:  Baker & McKenzie LLP

Simpson Thacher Represented Inaer Aviation in £259 Million Acquisition of Bond Aviation Group Limited

Tuesday, May 3, 2011
Simpson Thacher represented Inaer Aviation, the leading European provider of mission-critical helicopter services owned by private equity funds affiliated with Investindustrial and KKR, on its acquisition of Bond Aviation Group Limited (“Bond”), the UK’s largest independent emergency and mission-critical helicopter operator, for a total consideration of £259 million. The acquisition of Bond was funded by a combination of third-party debt financing and shareholder contributions and closed on 28 April 2011.

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Tags:  Simpson Thacher & Bartlett LLP