Yearly Archives: 2012

Simpson Thacher Represents First Reserve Corporation and SK Capital Partners in Proposed $850 Million Acquisition of TPC Group Inc.

Tuesday, August 28, 2012

The Firm is representing First Reserve Corporation and SK Capital Partners in connection with the proposed acquisition of TPC Group Inc. (Nasdaq: TPCG) by investment funds sponsored by First Reserve and SK Capital for $40 per share. The transaction is valued at approximately $850 million, including net debt. The transaction is subject to the approval of TPC Group’s stockholders, antitrust clearances and other customary closing conditions, and is expected to close in the fourth quarter of 2012.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Loyens & Loeff Boosts Its Energy Practice with Arrival of Elisabetta Aarts

Tuesday, August 28, 2012

Elisabetta Aarts, attorney at law), is to join the energy practice group of Loyens & Loeff on 1 September 2012. Elisabetta Aarts advises and litigates on behalf of an extensive group of national and international clients in the energy sector in the framework of energy projects, energy contracts, M&A and financing transactions. Her arrival will strengthen Loyens & Loeff’s top position in the energy sector.

More >>

Tags:  Loyens & Loeff

Stamford Law Advises on Issue of US$175 Million Senior Guaranteed Notes by Jababeka International B.V.

Tuesday, August 28, 2012

Jababeka International B.V., a unit of Indonesian industry-based township developer PT Kawasan Industri Jababeka Tbk., has on 26 July 2012 launched the issue of US$175 million senior guaranteed notes, to be used for (a) refinance and repay existing indebtedness under certain facility agreements; and (b) capital expenditure related to land acquisition and the development of that land.

More >>

Tags:  Singapore

Willkie – Real Estate Department Advises Sunrise Senior Living in $1.9 Billion Merger

Tuesday, August 28, 2012

On August 22, Willkie client Sunrise Senior Living, Inc. announced that it has entered into a definitive merger agreement under which Health Care REIT, Inc. will acquire all of the outstanding common stock of Sunrise for $14.50 per share in an all-cash transaction valued at approximately $1.9 billion (including debt). The merger is expected to create one of the largest owners of nursing homes in the United States, Canada and Britain. Willkie attorneys assisted Sunrise in connection with the real estate aspects of the merger.

More >>

Tags:  Willkie Farr & Gallagher LLP | New York

Clayton Utz Advises Salmat on BPO Divestment

Tuesday, August 28, 2012

A Clayton Utz team has advised ASX-listed Salmat Limited (“Salmat”) on the sale of its Business Process Outsourcing (“BPO”) division to Japan’s FUJIFILM Holdings Corporation (“Fujifilm Holdings”) for $375 million

More >>

Tags:  Clayton Utz

Herbert Smith Advises Cable & Wireless Worldwide on £1 Billion Takeover by Vodafone

Tuesday, August 28, 2012

Herbert Smith has advised long-standing client Cable & Wireless Worldwide (‘CWW’) on its recent takeover by Vodafone, which was implemented by way of a scheme of arrangement. Vodafone paid approximately £1.04 billion to gain control of CWW, in a transaction designed to strengthen Vodafone’s enterprise business and position it well to capitalise in the growing market for unified communications.

More >>

Tags:  Herbert Smith Freehills LLP