Kalahari Minerals sold for £650 million – advised by Lawrence Graham

International business law firm Lawrence Graham LLP (LG) has advised Kalahari Minerals Plc in its sale to Taurus Mineral, a newly incorporated company formed at the direction of CGNPC-Uranium Resources Co. Ltd and the China-Africa Development Fund, for £650 million.  This is only the second acquisition of a UK-listed company by a Chinese state-owned enterprise.

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Tags:  Ashurst

Paul Hastings Advises Gemdale on Guaranteed Bonds Issuance

Paul Hastings, a leading global law firm, announced today that it advised Gemdale (Asia) Investment Limited (“Gemdale”), a wholly-owned subsidiary of Famous Commercial Limited (“Famous”), on its issuance of RMB1,050 million guaranteed bonds (“Bonds”), due 2017. Standard Chartered Bank (Hong Kong) Limited, CICC HK Securities, Credit Suisse, DBS Bank Ltd., Deutsche Bank, The Hongkong and Shanghai Banking Corporation, and Industrial and Commercial Bank of China (Asia) Limited acted as the underwriters. The Hongkong and Shanghai Banking Corporation also acted as the trustee. More >>

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Simpson Thacher Represents Tyco in the $1.93 Billion Sale of its South Korean Security Business to Carlyle

The Firm is representing Tyco (NYSE: TYC) in connection with its definitive agreement to sell Tyco Fire & Security Services Korea Co. and its subsidiaries, ADT Caps Co., Ltd., Capstec Co., Ltd. and ADT Security Co., Ltd., (combined “ADT Korea”) to The Carlyle Group, in a cash transaction valued at approximately $1.93 billion. The transaction is expected to close in Tyco’s fiscal third quarter of 2014 and is subject to customary closing conditions including required regulatory approval.

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Tags:  Simpson Thacher & Bartlett LLP

Willkie Advises Time Warner in $542 Million Refinancing Deal with CME

Central European Media Enterprises Ltd. announced that it has entered into an agreement with Willkie client Time Warner Inc. and one of its affiliates to finance the redemption of CME’s €272,972,000 aggregate principal amount of 11.625% senior notes due 2016. The transaction is valued at $542 million. CME also filed a rights offering registration statement.

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Tags:  Willkie Farr & Gallagher LLP

Ballard Spahr Advises City of Philadelphia in $1.86 Billion Sale of PGW

The City of Philadelphia, represented by Ballard Spahr, announced today that it has signed an agreement to sell the assets of the Philadelphia Gas Works (PGW) to UIL Holdings Corporation (UIL) for $1.86 billion. The sale, which will enhance the City’s financial health by injecting at least $424 million in net proceeds into its pension fund, must be approved by City Council and the Pennsylvania Public Utility Commission prior to closing.

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WFW Advises Crédit Agricole Corporate and Investment Bank on US$200m Loan Facility to Petredec

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Crédit Agricole Corporate and Investment Bank (“CACIB”) in relation to a US$200m loan facility made available to Petredec to provide financing for its acquisition of four 84,000 CBM LPG carriers under construction at Hyundai Heavy Industries Co., Ltd in South Korea.

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Tags:  Watson, Farley & Williams LLP