Simpson Thacher Represents Underwriters in $1.55 Billion Asset Backed Notes Offering by Mercedes-Benz Auto Receivables Trust 2012-1

The Firm recently represented the underwriters, led by Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and RBS Securities Inc., in connection with the asset backed notes offering by Mercedes-Benz Auto Receivables Trust 2012-1, the issuing entity, of $450,000,000 principal amount of 0.23000% Class A-1 Asset Backed Notes, $500,000,000 principal amount of 0.37% Class A-2 Asset Backed Notes, $450,000,000 principal amount of 0.47% Class A-3 Asset Backed Notes and $146,500,000 principal amount of 0.61% Class A-4 Asset Backed Notes.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Blackstone in its Acquisition of Vivint for in Excess of $2 Billion

The Firm is representing Blackstone Capital Partners VI, L.P. in connection with its acquisition of Vivint Inc., Vivint Solar, Inc. and 2GIG Technologies, Inc. from their existing shareholders, including Goldman Sachs, Peterson Partners, Jupiter Partners and other minority shareholders for in excess of $2 billion. It is expected that the transaction will close before year end.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Goodwin Procter Advises DST Global on Second Alibaba Investment

Goodwin Procter advised client DST Global on its recent follow-on investment in the Alibaba Group to help finance Alibaba’s repurchase of shares from Yahoo! and restructure its relationship with the Silicon Valley company.  The $7.6 billion raised by Alibaba was the largest ever private financing for a private sector Chinese company and the largest non-LBO financing for a technology company globally.  The new equity financing for Alibaba was completed at a valuation of approximately $40 billion. More >>

Tags:  Goodwin Procter LLP | Hong Kong

Davis Polk Advises Digicel Group Limited on Its $1.5 Billion Notes Offering and Cash Tender Offer

Davis Polk advised Digicel Group Limited on a Rule 144A/Regulation S offering of $1.5 billion of 8.25% senior notes due 2020 and a concurrent cash tender offer by Digicel for any and all of its $415 million aggregate principal amount of outstanding 9.125% / 9.875% senior toggle notes due 2015 and $1 billion aggregate principal amount of outstanding 8.875% senior notes due 2015. The tender offer consideration was funded from the net proceeds of the offering.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk Advises AstraZeneca on Its $2 Billion SEC-Registered Notes Offering

Davis Polk advised AstraZeneca PLC in connection with its SEC-registered shelf takedown of $1 billion aggregate principal amount of 1.95% notes due 2019 and $1 billion aggregate principal amount of 4% notes due 2042. The notes were underwritten by Goldman, Sachs & Co., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

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Tags:  Davis Polk & Wardwell LLP

Davis Polk Advises Synutra in a Partnership Agreement with Sodiaal

Davis Polk is advising Synutra International, Inc. in connection with a long-term industrial and commercial partnership agreement with Groupe Sodiaal SA and Eurosérum SAS, a subsidiary of Sodiaal, pursuant to which Synutra will build a new drying facility in Brittany (France), intended to manufacture powdered milk and fat-enriched demineralized whey for the needs of the Synutra group. This new drying facility, which is anticipated to cost approximately €90 million ($118 million) to build, is expected to be commissioned by year-end 2014 and to employ approximately 75-100 employees. Upon commissioning of the drying facility, Eurosérum and Sodiaal will supply the facility with demineralized liquid whey and milk.

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Tags:  Davis Polk & Wardwell LLP | Beijing