Baker & McKenzie Advises On Acquisition Of One Of World’s Largest Bulk Storage Facilities

Leading global law firm Baker & McKenzie has acted for a consortium of three buyers – PGGM, APG Algemene Pensioen Groep (both Dutch pension funds) and an Australian superannuation investor, on the acquisition of 66.2% of the shares in Challenger LBC Terminal Jersey (LBC) from Challenger Infrastructure Fund for US$277.8 million. LBC is one of the world’s largest independent operators of tank storage facilities for Liquid Bulk Chemical products.

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Shearman & Sterling Advises on $1 Billion Financing for Integrys Energy Group

Shearman & Sterling advised U.S. Bank National Association, The Bank of Tokyo-Mitsubishi UFJ, Ltd, Union Bank, N.A., J.P. Morgan Securities LLC, KeyBank National Association, Mizuho Corporate Bank Ltd and The Bank of Nova Scotia as lead arrangers and book managers in connection with a $1 billion aggregate financing, including a $635 million five-year credit facility for Integrys Energy Group, Inc., a $250 million five-year credit facility for The Peoples Gas Light and Coke Company and a $115 million five-year credit facility for Wisconsin Public Service Corporation.

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Simpson Thacher Represents Dollar General Corporation and its Controlling Shareholder Buck Holdings, L.P., an Affiliate of KKR, in Secondary Offering of Common Stock

The Firm recently represented Dollar General Corporation (“Dollar General”) and its controlling shareholder Buck Holdings, L.P., an affiliate of Kohlberg Kravis Roberts & Co., L.P., in connection with a secondary offering of 34,500,000 million shares (including the full exercise of the over-allotment option) of common stock. The secondary offering closed at a public offering price of $46.75 per share, resulting in gross proceeds to the selling shareholders (including KKR, other investors and certain members of management) of approximately $1.61 billion.

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Tags:  Simpson Thacher & Bartlett LLP | New York