Allen & Overy advises NEXI and banks on USD1.43bn financing of first independent water and power project in Kuwait

Allen & Overy advised Nippon Export and Investment Insurance (NEXI) and a syndicate of commercial banks (The Bank of Tokyo-Mitsubishi, National Bank of Kuwait, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation) on the USD1.43 billion debt financing of the Az Zour North IWPP, the first independent water and power project in Kuwait.

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Ashurst advises on the €2.55 billion acquisition of Fortum Distribution Finland

Ashurst advised a consortium comprising Borealis Infrastructure and First State Investments, together with Finnish institutional investors Keva and LocalTapiola Pension, on the €2.55 billion agreement to acquire 100% of the Finnish electricity distribution business, Fortum Distribution Finland (“FDF”), from the Fortum Group. FDF is the owner of the largest electricity distribution network in Finland, with over 600,000 customers across the country, representing more than 20% market share. Completion of the transaction is expected during the first quarter of 2014, subject to regulatory approval.

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Simpson Thacher Represents Aramark in $834 Million Initial Public Offering

The Firm represented ARAMARK Holdings Corporation (“Aramark”) in connection with its $834 million initial public offering, consisting of a sale by Aramark and certain selling stockholders of 41,687,500 shares of common stock (including shares sold pursuant to the underwriters’ full exercise of their over-allotment option) at a public offering price of $20.00 per share. Aramark’s common stock began trading on the New York Stock Exchange under the ticker symbol “ARMK” on December 12, 2013.

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Kirkland & Ellis Reps Valassis in $1.84B Acquisition by Harland Clarke

Kirkland & Ellis LLP represents Valassis (NYSE: VCI), a leader in intelligent media delivery, in its agreement to be acquired by Harland Clarke Holdings Corp., a leading provider of best-in-class integrated payment solutions and marketing services. The transaction is valued at approximately $1.84 billion. The transaction, which was unanimously approved by both the Valassis and Harland Clarke Holdings Boards of Directors, will be effected through a tender offer by a subsidiary of Harland Clarke Holdings for all of the shares of Valassis, followed by a merger of the acquisition subsidiary with and into Valassis. Valassis will become a privately-held, wholly owned subsidiary of Harland Clarke Holdings and its common stock will cease trading on the NYSE.

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Gilbert + Tobin strengthens national Energy and Resources Practice

Justin has extensive experience in energy and resources law, advising clients on commercial and resources transactions across the mining and oil and gas industries. His expertise includes advising Australian publicly listed mining and resources companies on private M&A transactions, equity capital fundraising and general ASX compliance and regulatory matters.

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Cadwalader Advises Elan Corporation, plc in US$8.6 billion sale to Perrigo Company plc

Cadwalader, Wickersham & Taft LLP, one of the world’s leading legal advisors to corporations and financial institutions, announced today that it has advised Elan Corporation, plc on the completion of its sale to Perrigo Company plc. Perrigo has completed the acquisition of Elan in a cash and stock transaction valued on the date of the announcement at approximately US$8.6 billion.  In connection with the acquisition, Perrigo and Elan have been combined under a new company incorporated in Ireland and have adopted the global name Perrigo Company plc.

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Weil Advises AMC Entertainment Holdings in its IPO

A Weil team is advising AMC Entertainment Holdings (AMC), the second-largest theater chain in North America, in its initial public offering and listing on the New York Stock Exchange. The offering marks the company’s return to the stock markets for the first time in nine years. The issue is comprised of 18,421,053 million shares of Class A common stock that was priced at $18 on December 17, 2013, setting the aggregate value of the offering at approximately $331.5 million. The IPO is expected to close on December 23, 2013.

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