Clayton, Dubilier & Rice has announced a definitive agreement to acquire David’s Bridal, Inc., the leading specialty retailer of bridal gown and wedding-related apparel and accessories in North America. Leonard Green & Partners will continue as a minority partner. The transaction values the company at approximately $1.05 billion.
Tags: Latham & Watkins LLP | Los Angeles
Michael Caballero, the former international tax counsel at the U.S. Treasury Department, will be joining Covington & Burling and its tax practice. Mr. Caballero will be based in the firm’s Washington office as a partner effective September 10.
Tags: Covington & Burling LLP
Davis Polk is advising Daikin Industries, Ltd. in connection with its $3.7 billion acquisition of Goodman Global, Inc. from affiliates of Hellman & Friedman LLC. Closing is subject to, among other conditions, receiving competition law approvals in relevant jurisdictions
Tags: Davis Polk & Wardwell LLP | New York
Paul Hastings LLP, a leading global law firm, announced today that the firm is representing Bank of America Merrill Lynch, Morgan Stanley Senior Funding, Inc. and Jefferies and its affiliates in connection with financing petrochemical provider TPC Group Inc.’s (Nasdaq:TPCG) $850 million merger by First Reserve Corporation, a leading global investment firm dedicated to the energy industry, and SK Capital Partners, a U.S. based private investment firm focused on the chemicals sector.
Tags: Paul Hastings, LLP | New York
Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representative of the several initial purchasers, in connection with Penske Automotive Group, Inc.’s offering of $550,000,000 aggregate principal amount of 5.75% Senior Subordinated Notes due 2022. Merrill Lynch, Pierce, Fenner & Smith Incorporated also acted as dealer manager in the concurrent tender offer for any and all of the outstanding $375,000,000 aggregate principal amount of Penske’s 7.75% Senior Subordinated Notes due 2016. The proceeds from the notes offering were used, in part, to fund the tender offer and in part to repay amounts outstanding under Penske’s U.S. revolving credit facility.
Tags: Shearman & Sterling LLP | New York
Wragge & Co has advised the Ministry of Defence (MOD) on a £1.1 billion contract for investment in the Royal Navy’s nuclear submarine programme. The contract secures vital strategic infrastructure capabilities to meet the present and future defence needs of the UK.
Tags: Freshfields Bruckhaus Deringer LLP
Cooley LLP announced today that it advised JSM Acquisition, the 49% owner of the San Diego Padres, in its $800 million sale to an investor group led by former Los Angeles Dodgers owner Walter O’Malley’s four grandsons, Kevin and Peter O’Malley and Tom and Peter Seidler (the “O’Malley/Seidler Group”). JSM Acquisition is a partnership that was created three years ago to purchase the Padres from John Moores on an installment basis. JSM Acquisition joined with Moores, the 51% owner, to sell the team. Cooley has represented JSM Acquisition since its formation.
Tags: Cooley LLP
Gilbert + Tobin is pleased to announce its involvement with the creation of GrainCorp Oils. GrainCorp yesterday paid $472 million to buy and combine Goodman Fielder’s Integro Foods and the privately owned Gardner Smith, the oilseed crushing, storage and handling group.
Tags: Gilbert, LLP
Global law firm Proskauer won an important victory for Major League Soccer LLC (MLS) in a long-running and high-profile antitrust and Racketeer Influenced Corrupt Organizations (RICO) case.
Tags: Proskauer Rose LLP | New York
Health Care REIT, Inc. has announced an agreement to acquire Sunrise Senior Living, Inc. in a $1.9 billion deal. An Arnold & Porter team including Joseph Howe III, head of the firm’s tax practice, Cynthia Mann, tax partner, and tax associate Josh Scala serves as special tax counsel to Toledo, Ohio-based Health Care REIT on the transaction structuring. The deal includes Health Care REIT acquiring Sunrise’s 20 senior housing and retirement centers as well as its interest joint ventures that own 105 other housing communities.
Tags: Arnold & Porter Kaye Scholer LLP