Davis Polk is advising Reliance Steel & Aluminum Co. in connection with its $1.2 billion acquisition of Metals USA Holdings Corp. The transaction is subject to approval by Metals USA stockholders, along with the receipt of regulatory clearances and the satisfaction of other customary closing conditions, and is expected to close in the second quarter of 2013.
Tags: Davis Polk & Wardwell LLP | Silicon ValleyDavis Polk advised CVS Caremark Corporation in connection with its first ever international acquisition – Drogaria Onofre, a retail drugstore chain in Brazil. Financial terms of the transaction were not disclosed.
Tags: Davis Polk & Wardwell LLP | Sao Paulo
O’Melveny & Myers LLP advised Asia Growth Capital Advisors (“AGCA”) on the acquisition of a seasoned private equity investment portfolio in Asia from Credit Suisse Private Equity Asia Partners. AGCA worked with lead investor HarbourVest Partners LLC, who structured the transaction, and their co-investors Axiom Asia Private Capital. AGCA is a Singapore-based private equity advisor focused on managing private equity investments in Asia, specifically in India and South East Asia.
Tags: O'Melveny & Myers, LLP | Singapore
Skadden represented Pfizer Inc. in the carve-out of its Animal Health business into a separate publicly traded company called Zoetis Inc. via a $2.6 billion initial public offering of Class A common stock, announced on February 1.
Tags: Skadden, Arps, Slate, Meagher & Flom LLPSkadden is representing Cigna Corporation in its agreement with Berkshire Hathaway Life Insurance Company of Nebraska to reinsure two of Cigna’s annuity businesses for $2.2 billion, announced on February 4.
Tags: Skadden, Arps, Slate, Meagher & Flom LLP
McCarthy Tétrault is pleased to announce that on March 4, Peter Birkness will join the firm’s Financial Services Group as a partner in Calgary. Mr. Birkness will join the Calgary office’s financial services partners Daniel Sears and Ira Cooper.
Tags: McCarthy Tétrault LLP
Leading international law firm Clifford Chance has advised BAIC Motor, Beijing Automotive Group’s passenger car unit, on the increased investment of up to 12% from Daimler AG. The investment will be through the issuance of new shares and is subject to approval by the Chinese government.
Tags: Clifford Chance LLP | BeijingUkraine’s state controlled oil and gas company, JSC Naftogaz of Ukraine, has signed an English law governed US$ 3.656 billion credit agreement with state owned China Development Bank Corporation to finance various individual projects involving the substitution of natural gas with locally produced coal. The investment programme is intended to help Ukraine increase its energy capacity through the introduction of modern technology, construction of new plants and the upgrading of existing infrastructure.
Tags: Moscow
Herbert Smith Freehills has appointed Rod Howell as a partner to its Singapore based Banking and Finance practice to enhance the firm’s existing broad-based banking and finance capability and further strengthen its position as Asia Pacific’s largest fully integrated law firm.
Tags: Herbert Smith Freehills Kramer LLP | Singapore
Morgan Lewis today announced that Christopher B. Amandes will join the firm’s Environmental Practice, resident in Houston. Amandes, most recently a partner at Vinson & Elkins, has more than two decades of experience with environmental laws, both at the federal level and in Texas, as well as with agency regulations and policies affecting the petrochemical, refining, power generation, manufacturing, natural resources, and real estate industries.
Tags: Morgan, Lewis & Bockius LLP | Houston