Freshfields advises Warburg Pincus on its acquisition of a majority stake in Source Holdings Limited

Source offers exposure to equity, commodity and fixed income benchmarks, through 77 products which account for more than US$14bn in assets under management. The existing investors, including Bank of America Merrill Lynch, Goldman Sachs, JPMorgan, Morgan Stanley and Nomura, will maintain significant minority stakes in the business.

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Tags:  Freshfields Bruckhaus Deringer LLP

National Rural Utilities Cooperative Finance Corporation – $600 Million offering of Collateral Trust Bonds

Hunton & Williams LLP advised J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc., RBC Capital Markets, LLC and SunTrust Robinson Humphrey, Inc., as joint-booking running managers on an SEC registered offering by National Rural Utilities Cooperative Finance Corporation (“CFC”) of $300 million aggregate principal amount of collateral trust bonds due 2017 and $300 million aggregate principal amount of collateral trust bonds due 2019.

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Simmons & Simmons advises on £150m Solar Fund IPO

Simmons & Simmons renewables team is currently advising Europe’s largest solar asset manager, NextEnergy, on the listing of a newly incorporated Guernsey company, NextEnergy Solar Fund. The Fund will look to raise £150 million ($205 million) through a premium listing on the London Stock Exchange main market early this year.

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Tags:  Simmons & Simmons

Willkie Advises on $2.4 Billion Sale of Sedgwick Claims Management Services

On January 27, Sedgwick Claims Management Services, Inc., a leading provider of technology-enabled claims and productivity management solutions, announced that KKR, together with management, have signed an agreement to acquire majority ownership of Sedgwick for approximately $2.4 billion from its current group of investors, which includes Hellman & Friedman LLC and Stone Point Capital LLC. Willkie is representing Sedgwick’s senior management team in the transaction. Based in Memphis, Sedgwick and its affiliated companies deliver cost-effective claims, productivity, managed care, risk consulting and other services to clients through the expertise of its more than 11,000 colleagues in about 200 offices in the U.S. and Canada. KKR is a leading global investment firm with approximately $90.2 billion in assets under management (as of September 30, 2013). More >>

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Simpson Thacher Represents Summit Materials in $260 Million High Yield Debt Offering

The Firm recently represented Summit Materials, LLC and Summit Materials Finance Corp., as co-issuers in connection with a Rule 144A/Regulation S offering of $260 million aggregate principal amount of their 10.5% senior notes due 2020.  The notes were issued as additional notes under an existing indenture pursuant to which $250 million aggregate principal amount of 10.5% senior notes due 2020 were issued in January 2012.  The net proceeds from the offering were used to finance Summit’s acquisition of Alleyton Resource Corporation, to repay borrowings under Summit’s revolving credit facility, to pay fees and expenses and for general corporate purposes.

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Tags:  Simpson Thacher & Bartlett LLP

Travers Smith acts on IP Group’s capital raising of up to £100million and its recommended all-share offer for Fusion IP

Travers Smith Corporate Partner Andrew Gillen and Corporate Senior Associate Daniel Simons have advised Numis Securities Limited as sole sponsor, financial adviser, underwriter and broker on IP Group plc’s (“IP Group”) £75 million firm placing, placing and open offer and offer for subscription (the “Capital Raising”) and as sole sponsor and financial adviser in connection with IP Group’s recommended all-share offer for Fusion IP plc (“Fusion IP”) (the “Acquisition”).

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Tags:  Travers Smith