Merz and Ulthera, Inc. announced on June 26, 2014 that they have entered a definitive merger agreement pursuant to which Merz will acquire Ulthera, Inc, a global medical device company focused on developing and commercializing technologies for aesthetic and medical applications using its therapeutic ultrasound platform technology. Valued at up to $600 million in upfront cash and milestone payments, the acquisition is the largest in Merz’s history.
Tags: Knobbe MartensMonthly Archives: June 2014
Clifford Chance Advises on AA’s IPO
Leading international law firm Clifford Chance is advising AA plc (the UK’s leading roadside assistance provider) and its owner Acromas Holdings, on its IPO on the London Stock Exchange, which has raised £1.385billion.
Tags: Clifford Chance LLPCoStar Group’s Registered Common Stock Offering
Cravath represented the underwriters, led by J.P. Morgan Securities, Goldman, Sachs & Co., BofA Merrill Lynch and Citigroup, in connection with the US$552 million registered common stock offering of CoStar Group, Inc., a leading provider of information and analytic services to the commercial real estate industry in the United States and the United Kingdom. The shares were listed on the NASDAQ Global Select Market. The transaction closed on June 11, 2014.
Freshfields advises London Stock Exchange Group on its $2.7bn acquisition of Russell Investments and its related rights issue
Goodwin Advises Dropcam in $555 Million Sale to Nest
Linklaters advises on largest ever African debut sovereign bond
Paul Hastings Represents UBS AG in World Triathlon Corp. Financing
Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS AG, Stamford Branch as administrative agent, lender and issuing bank and UBS Securities LLC and Macquarie Capital (USA) Inc. as joint lead arrangers and joint bookrunners in connection with a recapitalization of World Triathlon Corporation, which owns and licenses the Ironman brand.
The financing consists of a $225 million term loan facility and a $20 million revolving credit facility.
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Milbank Advises Nabors Industries in $2.9B Spinoff of Oil Well Maintenance Unit and Merger with C&J Energy Services
Milbank, Tweed, Hadley & McCloy LLP is advising leading oil exploration and servicing company Nabors Industries Ltd. (NYSE: NBR) in the announced merger of its completion and production services unit with oilfield services provider C&J Energy Services (NYSE: CJES), for which Nabors will receive nearly $940 million in cash and stock worth an approximately 53% ownership stake in C&J.
The transaction, expected to close by the end of 2014, is valued at about $2.86 billion. The Milbank team representing Bermuda-based Nabors is led by New York-based Corporate partner Charles Conroy.
Tags: Milbank LLPSimpson Thacher Represents the Underwriters in $2 Billion Notes Offering by Target Corporation
White & Case Advises Intesa Sanpaolo on Benchmark US$2 billion Subordinated Tier 2 Bond Issue
Global law firm White & Case LLP has advised Intesa Sanpaolo S.p.A. on a US$2 billion Tier 2 subordinated Yankee bond placed under its US$25 billion Medium Term Note Programme.
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