Simpson Thacher Represents KKR in Magma Fincorp Investment

The Firm is representing Kohlberg Kravis Roberts & Co. in connection with a Rs. 4.4 billion (approximately US$97 million) investment by Zend Mauritius VC Investments Limited, a holding company controlled by funds advised by KKR (“Zend Mauritius”), and International Finance Corporation (“IFC”) in Magma Fincorp Limited (“Magma”).  Following the investment, Zend Mauritius will hold a 14.95% stake in Magma and IFC will have a 12.8% stake in the company.

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Tags:  Simpson Thacher & Bartlett LLP

Freshfields Advises Terex on Public Tender Offer for Demag Cranes

International law firm Freshfields Bruckhaus Deringer is advising Terex Corporation, the US listed manufacturer of industrial machines and equipment, on a voluntary public cash tender offer launched by Terex Industrial Holding AG, an indirect wholly-owned subsidiary of Terex, for the outstanding share capital of Düsseldorf-based Demag Cranes AG, the listed German cranes and port automation technology manufacturer.

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Tags:  Freshfields Bruckhaus Deringer LLP

Ashurst Advises Lamprell on US$336.1 Million Offer for MIS, Associated Rights Issue and New Credit Facilities

Ashurst is advising Lamprell plc on its US$336.1 million offer for Maritime Industrial Services (MIS), its US$225.1 million 3 for 10 rights issue and new US$305 million facilities agreement, the proceeds of which will in part be used to fund the acquisition of MIS. The rights issue is fully underwritten by J.P. Morgan Cazenove, Merrill Lynch International and HSBC Bank plc.

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Davis Polk – Rio Tinto $2 Billion Notes Offering

Davis Polk advised J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., RBS Securities Inc., Morgan Stanley & Co. Incorporated, RBC Capital Markets, LLC and SG Americas Securities, LLC as joint bookrunners and representatives of the underwriters on an SEC-registered offering by Rio Tinto Finance (USA) Limited of $2 billion aggregate principal amount of notes guaranteed by Rio Tinto plc and Rio Tinto Limited. The offering consisted of $700 million principal amount of 2.5% notes due 2016, $1 billion principal amount of 4.125% notes due 2021 and a reopening in an aggregate principal amount of $300 million of its 5.2% notes due 2040, issued on November 2, 2010.

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Tags:  Davis Polk & Wardwell

IT’S MAY, AND THE LITIGATION OPPORTUNITIES IN ASIA ARE GROWING

Alexis Lamb here, enjoying a balmy spring morning in Hong Kong. Late spring is a mighty fine time to be in Hong Kong and May is one splendid month to be sitting on a junk in the middle of the South China Sea with 30 of your closest friends and a seabreeze in hand. Fortunately for all you Asia-minded US litigators, the number of boats in the harbor isn’t the only thing that’s increasing as the temperatures rise. Litigation opportunities in Hong Kong for US-qualified attorneys have tripled since last fall! Want a piece of the action? Read below…

WHAT KIND OF LITIGATION CAN A U.S. LAWYER DO IN ASIA?

The most “popular” forms of litigation are commercial litigation, arbitration, internal investigations, and civil and criminal government investigations, particularly FCPA litigations. However, an attorney need not have experience in FCPA/white collar investigations to land out here. The hiring partners are adamant that any litigation experience fits the bill and they are more than happy to “retool” an associate to the specific kinds of litigation that their office focuses on.

WHAT SKILLS DO I NEED TO LAND IN ASIA?

Successful applicants will have the three following traits, in order of importance. (1) Business fluency in Mandarin, (2) litigation experience gleaned in a top “biglaw” or elite litigation boutique environment and (3) top grades from a top law school (JD preferred). As a rough benchmark on point 3, I’d say that if you graduated with honors/top 25% from a top 20 law school you’re competitive. Mandarin fluency is the most important criterion. Firms won’t even interview applicants who were top 1% in their top 10 law school classes and had spot-on-point litigation experience because they were English-only. No matter how awesome you are, your resume will not even be looked at if you do not speak business level Mandarin.

Why are firms so strict on the language requirement? Part of the job out in Asia is conducting witness interviews, depositions, and other fact-finding operations in an Asian language, often Mandarin. If you have this experience, you will be a very competitive candidate so put it on your resume! One hiring partner told me that Mandarin is used nearly every day on cases – not just in casual conversation. It’s not enough to be able to shoot the breeze for 5 minutes with clients before a meeting. Your Mandarin must be good enough to pick up nuance in a witness interview or deposition, or translate diligence documents.

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Tags:  Asia | Hong Kong

Simpson Thacher Represents Barclays in $3 Billion Bridge Financing to Thermo Fisher Scientific and as Financial Advisor in Connection with Thermo Fisher’s Acquisition of Phadia From Cinven

The Firm is representing Barclays Capital in connection with $3 billion in bridge financing to Thermo Fisher Scientific Inc. (“Thermo Fisher”) and as financial advisor to Thermo Fisher in its announced acquisition of Phadia for €2.47 billion (approximately US$3.5 billion) in cash. The proceeds of the credit facilities may be used to finance a portion of the acquisition and to refinance existing indebtedness.

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SNR Denton Advises Hartz Mountain Industries in Largest US Apartment Building Transaction of Year

SNR Denton announced that it advised Hartz Mountain Industries in its recent acquisition of One Superior Place, an 809-unit luxury rental apartment mixed-use building in Chicago. The acquisition had a combined sales price for the land and leasehold improvements of $320 million, making it the largest real estate transaction so far in 2011 in Chicago, and, according to The Wall Street Journal, the largest US apartment building transaction to date in 2011.

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Tags:  Dentons

C&P Represents Fortune Brands in $1.225 Billion Sale of Titleist Golf

Chadbourne & Parke represented Fortune Brands, Inc. in the $1.225 billion sale of its Acushnet Company subsidiary, which manufactures and distributes Titleist golf balls and clubs and FootJoy golf shoes and gloves. The sale, announced on May 20, was to Fila Korea Ltd., the owner of the Fila sporting goods brand globally, and Mirae Asset Private Equity, the largest private equity firm in Korea.

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