A Dubai-based team of lawyers from global law firm K&L Gates LLP has advised Jordan’s Rassam family on the sale of a significant minority interest in Al Nabil Food Industries Limited Company (“Nabil Foods”) to global alternative asset manager, The Carlyle Group (NASDAQ:CG). The transaction closed on May 13, 2013, and is the first significant investment by an international private equity house into Jordan.
Tags: K&L Gates LLP | Dubai
Davis Polk is advising CITIC Capital Partners in connection with the $890 million going-private acquisition of Nasdaq-listed AsiaInfo-Linkage, Inc. by a consortium led by CITIC Capital Partners and that includes Edward Tian, a co-founder and significant stockholder of AsiaInfo-Linkage. The acquisition is subject to customary closing conditions, including receipt of required regulatory approvals and approval by AsiaInfo-Linkage’s stockholders.
Tags: Davis Polk & Wardwell LLP | Hong Kong
Lathrop & Gage LLP announced today that Jon Trembath has joined the firm’s Denver office as a partner. Trembath’s practice is focused on intellectual property litigation.
Tags: Lathrop GPM LLP | Denver
Debra S. Dunne has joined the Philadelphia office of Shook, Hardy & Bacon L.L.P. as a partner.
Tags: Shook, Hardy & Bacon LLP
Clifford Chance advised The Carlyle Group on their strategic investment in Al-Nabil Food Industries Co. Ltd., a frozen and chilled food products company in Jordan. The transaction closed on May 13, 2013.
Tags: Clifford Chance LLP | DubaiLeading international law firm Clifford Chance has advised Ascott Residence Trust (Ascott Reit) on its acquisition of a portfolio of 11 rental housing properties in Japan for JPY9.2 billion from ACRJ3 Pte Ltd, an 88.9% owned subsidiary of The Ascott Limited. The properties have a total of 959 apartments located across six cities in Japan.
Tags: Clifford Chance LLP | Tokyo
CREDIT BANK OF MOSCOW, a privately-owned universal commercial bank operating in Moscow and the Moscow region, today closed a $500 million offering of 5.5-year subordinated Eurobonds with an interest rate of 8.70% p.a. The bonds were issued by CBOM Finance p.l.c., an Irish special purpose vehicle, for the purpose of funding a $500 million subordinated loan to CREDIT BANK OF MOSCOW.
Tags: Morgan, Lewis & Bockius LLP | MoscowCox, Castle & Nicholson LLP is pleased to announce that prominent land use and environmental attorney David Waite has joined the firm’s Los Angeles office as a partner. Waite brings 20 years of experience to the firm’s nationally recognized real estate practice, with particular expertise in real estate development of infill sites and master-planned communities.
Tags: Los Angeles
Skadden is representing Theravance Inc. (as co-counsel) in its $1 billion royalty participation agreement with Elan Corporation, plc, announced on May 13. Under the deal, Elan will purchase a 21 percent participation interest in future royalty payments related to four respiratory drug programs partnered with GlaxoSmithKline plc.
Tags: Skadden, Arps, Slate, Meagher & Flom LLPSkadden is representing the underwriters in connection with Fomento Económico Mexicano, S.A.B. de C.V.’s $1 billion placement of two tranches of U.S. dollar-denominated bonds in the international capital markets, which closed on May 10. The coupon for the 10-year bond represents the lowest ever achieved by a Latin American corporate issuer in the U.S. dollar bond market.
Tags: Skadden, Arps, Slate, Meagher & Flom LLP