Cahill represented the joint book-running managers and the co-managers in connection with the Rule 144A/Reg S offering of $400,000,000 aggregate principal amount of 4.875% Senior Notes due 2020 by Huntsman International LLC. Proceeds from the offering will be used to refinance existing indebtedness.
Tags: Cahill Gordon & Reindel LLP | New York
Travers Smith Head of Corporate, Chris Hale, led the team advising the management of Dematic on the company’s sale to, and new equity arrangements with, AEA Investors and Teachers Private Capital (the private equity arm of Canadian pension fund Ontario Teachers’ Pension Plan) for a reported figure between €700-800m.
Tags: Travers Smith
A Weil team led by Dallas Corporate partner Glenn West advised the special committee of the board of directors of Titanium Metals Corporation (TIMET), the largest titanium manufacturer in the US, in TIMET’s all-cash sale to Precision Castparts Corp., a worldwide manufacturer of complex metal components and products. The total equity value of the transaction was approximately $2.9 billion. The merger was approved by the boards of directors for both companies, and the deal is expected to close by the end of 2012.
Tags: Weil, Gotshal & Manges, LLP | Dallas
In a transaction announced November 19, 2012, Kirkland represented private equity firm American Industrial Partners in its acquisition of the U.S. subsidiaries of Hampson Industries PLC, a UK public company. The investment is comprised of five operating divisions with a total of approximately $210 million in sales, approximately 1,140 employees and 10 manufacturing facilities located in California, Michigan and Texas that have unique product offerings and capabilities to serve the global aerospace market. The subsidiaries are Odyssey Industries, LLC; Global Tooling Systems, LLC; Coast Composites, LLC; Composites Horizons, LLC and Texstars, LLC. The acquisition was made through a UK ‘pre-pack’, shortly after the appointments of Simon Kirkhope and Chad Griffin of FTI Consulting as administrators of Hampson Industries PLC.
Tags: Kirkland & Ellis LLP | New YorkFunds advised by Apax Partners, a global private equity firm, today announced that they have entered into a definitive agreement to acquire Cole Haan LLC, a leading designer and retailer of premium footwear and related accessories, from NIKE, Inc. for $570 million in cash. The transaction is expected to close in early 2013.
Tags: Kirkland & Ellis LLP | New York
Simpson Thacher represented JPMorgan Chase Bank, N.A., as administrative agent in connection with a five year $5.5 billion senior secured revolving credit facility and a three year $5.5 billion senior secured revolving credit facility for General Motors Holdings LLC, a wholly-owned subsidiary of General Motors Company.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm recently represented Wells Fargo, as representative of the several initial purchasers, in a $300 million offering of 6.0% Senior Notes due 2020 by Antero Resources Finance Corporation. The offering of notes was made to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.
Tags: Simpson Thacher & Bartlett LLP | New York
Global law firm Eversheds, named recently as one of the fastest growing law firms in the UAE by Asian Legal Business, has announced a series of appointments and secondments as the firm continues its rapid Middle East expansion.
Tags: Eversheds Sutherland
Baker, Donelson, Bearman, Caldwell & Berkowitz, PC, announces the addition of Mark Mathews to the Firm’s Houston office.
Tags: Baker, Donelson, Bearman, Caldwell & Berkowitz, PC | Houston
Allen & Overy advised INTER RAO UES in connection with the acquisition of the power generation business of Bashkirenergo, a major Russian producer of electricity and heat operating in Bashkortostan.
Tags: Allen & Overy LLP | Moscow