Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC as underwriters in connection with a $399.5 million SEC-registered primary block trade of 4,560,000 shares of common stock of Range Resources Corporation. The common stock is listed on the New York Stock Exchange under the symbol “RRC.”
Monthly Archives: June 2014
Gilbert + Tobin advises TPG led consortium on acquisition of DTZ for $1.215 billion
Gilbert + Tobin is advising a consortium, comprising TPG Asia, Inc (TPG), Hong Kong investment manager PAG Asia Capital (PAG) and Canada’s Ontario Teachers’ Pension Plan (OTPP) (together TPG and Partners) on its acquisition of DTZ, a global property services business of UGL Limited (ASX:UGL) for the $1.215 billion transaction.
Tags: Gilbert, LLPINEOS Group Holdings S.A.’s High-Yield Senior Debt Offering
Cravath represented INEOS Group Holdings S.A. in connection with its €600 million and US$590 million 144A/Reg. S high‑yield senior debt offering, guaranteed by INEOS Luxembourg S.A., INEOS Holdings Limited and certain of their subsidiaries. INEOS is one of the world’s largest chemical companies and has highly integrated, world‑class chemical facilities and production technologies. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on February 18, 2014.
Cooley Advises MobileIron on $100 Million Initial Public Offering
Cooley LLP announced today that it advised MobileIron, Inc. on its $100 million IPO. MobileIron offers software solutions that enable enterprises to secure and manage mobile applications, content and devices while providing their employees with device choice, privacy and a native user experience. MobileIron’s stock now trades on the NASDAQ Global Stock Market under the symbol “MOBL.”
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Jackson Walker Represents Prophet Equity in Formation of $345 Million Private Equity Fund
Jackson Walker successfully represented Prophet Equity, a Southlake, Texas–based private equity firm, in connection with the formation and fundraising activities for its second fund, Prophet Equity II LP. Prophet Equity debuted in 2008 with a $271 million fund, and held an initial closing for Fund II on March 21, 2014, having raised $255.6 million of a targeted $345 million in under seven weeks. Prophet Equity completed capital raising for Fund II on May 30, 2014, having raised all of the targeted $345 million.
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Acquisition of 45% stakeholding in a Vietnamese project company – US$2.3 billion
Rodyk is acting for a Chinese state-owned EPC contractor in its US$2.3 billion acquisition of 45% stakeholding in a Vietnamese project company to develop a 2 x 660 MW coal-fired thermal power facility in Vietnam including advising on the build-operate-transfer agreement, power purchase agreement, coal supply agreement, EPC contract and related bonds and guarantees.
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Selman Breitman Welcomes New Partner John P. Katerndahl
John Katerndahl brings more than 25 years’ experience handling cases involving toxic tort products liability, premises liability, discrimination and business litigation. He has represented manufacturers, retailers, premises owners, telephone companies and contractors, and has amassed an impressive record of trial victories.
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Simpson Thacher Represents First Reserve in Establishing $2.5 Billion Energy Infrastructure Fund
Simpson Thacher represented First Reserve Management, L.P. (“First Reserve”) in the establishment of its second fund dedicated to investments in energy-related infrastructure businesses, First Reserve Energy Infrastructure Fund II, L.P. (“FREIF II”). FREIF II has been formed to make privately negotiated investments in a diversified portfolio of infrastructure assets or businesses related to the energy and natural resources industries. First Reserve has announced that FREIF II raised $2.5 billion of total commitments, double the size of its predecessor fund.
Tags: Simpson Thacher & Bartlett LLP
Shearman & Sterling Advises Initial Purchasers on €715 Million High Yield Notes Offering of HEMA B.V.
Shearman & Sterling represented Credit Suisse, ABN AMRO, BNP PARIBAS, Citigroup, J.P. Morgan and The Royal Bank of Scotland as initial purchasers, led by Credit Suisse as Sole Global Coordinator and Physical Bookrunner, in connection with the offering of €715 million in a combination of senior secured floating rate notes due 2019 and 6.25% senior secured fixed rate notes due 2019 (together, the “Senior Secured Notes”) issued by HEMA Bondco I B.V. (a wholly-owned subsidiary of Dutch Lion B.V., the parent of HEMA B.V. [“HEMA”]), and 8.50% senior notes due 2019 (the “Senior Notes”, and together with the Senior Secured Notes, the “Notes”) issued by HEMA Bondco II B.V. (a wholly-owned subsidiary of Dutch Lion B.V.). The net proceeds from the issue and sale of the Notes will be used to refinance existing debt obligations of HEMA and its subsidiaries. The Senior Secured Notes will be guaranteed on a senior basis by certain subsidiaries of HEMA, and the Senior Notes will be guaranteed on a senior subordinated basis by certain subsidiaries of HEMA. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on June 17, 2014.
Tags: Shearman & Sterling LLP
White & Case Advises Commerzbank on Sale of Commerz Japan Real Estate Finance Corporation
Global law firm White & Case LLP has advised Commerzbank AG on the sale of its Tokyo-based subsidiary, Commerz Japan Real Estate Finance Corporation (CJREFC), to leading Asia-focused alternative investment manager PAG.
As part of the transaction, the primarily subordinated loans held by CJREFC, which total around €700 million, are being transferred to the buyer. The portfolio, acquired via PAG’s Secured Capital REP V and Pacific Alliance Special Situations funds, will be managed by PAG’s Tokyo-based Secured Capital Investment Management.
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