Appleby acted as Isle of Man legal adviser to Oldford Group, parent company of the PokerStars and Full Tilt Poker brands, during its sale to Amaya Gaming Group Inc. (TSX:AYA) for an aggregate purchase price of US$4.9 billion.
It is believed to be one the highest value local deals ever completed in the Isle of Man, and also one of the first transactional mergers under the Isle of Man Companies Act 2006.
Tags: Appleby
Kirkland & Ellis LLP advises 3i Group plc in its acquisition of A&A Manufacturing, a portfolio company of Audax Group, for $202.5 million.
The Kirkland team was led by M&A partner Christopher Torrente, finance partner David Tarr, and corporate associates Alex Rose, Jacob Hansen and Kristen Derhaag. All are based in Kirkland’s New York office.
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International law firm Freshfields Bruckhaus Deringer has advised Hong Kong listed company Yingde Gases Group Company Limited (Yingde Gases) on its US$250m senior notes issue, which closed on 28 August 2014.
Tags: Freshfields Bruckhaus Deringer LLP
The Real Deal and GlobeSt.com reported that real estate investors David Werner and Mark Karasick have secured a $700 million loan from Morgan Stanley Mortgage Capital Holdings to complete their acquisition of the leasehold position in the iconic Mobil Building at 150 East 42nd Street in one of the biggest financing deals of the year. The deal involved entering into a 99-year ground lease extension with the land owner, purchasing the existing leasehold from Hiro Real Estate, and creating a sub-leasehold condominium for Mt. Sinai Medical Center. Olshan attorneys from several practice groups represented the buyers in the transaction: Warren Gleicher and Shirlee Gordon in Tax and Joint Ventures; Thomas Kearns in Real Estate; Martin Cooper, Yehuda Markovits, and Jason Saltsberg in Corporate; and Mark Limardo and Eric Homsi in Tax. Steve Holm, Andrew Kellner and Dana Gallo at Levy Holm Pellegrino & Drath LLP, Lisa Rinaldi at Gerstein Strauss & Rinaldi LLP, and Joseph Hershkovitz at Frenkel, Hershkowitz & Shafran LLP served as co-counsel on the deal.
Tags: Olshan Frome Wolosky LLP
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Atlas Pipeline Partners, L.P., a master limited partnership, in amending its revolving credit facility with the initial borrowing capacity of $800 million, and contains an accordion feature of up to an additional $250 million, which, if exercised, will increase the Partnership’s total available borrowing capacity to $1.05 billion.
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Paul, Weiss client Burger King Worldwide Inc. announced a definitive merger agreement with Tim Hortons Inc., a Canadian multinational fast casual restaurant chain, under which the two companies will create a new quick service restaurant company with an international footprint and significant growth potential. The new global company will be based in Canada, the largest market of the combined company.
The Real Deal reported that real estate investors David Werner and Mark Karasick have secured a $700 million loan from Morgan Stanley Mortgage Capital Holdings to complete their acquisition of the leasehold position in the iconic Mobil Building at 150 East 42nd Street in one of the biggest financing deals of the year. The deal involved entering into a 99-year ground lease extension with the land owner, purchasing the existing leasehold from Hiro Real Estate, and creating a sub-leasehold condominium for Mt. Sinai Medical Center. Olshan attorneys from several practice groups represented the buyers in the transaction: Warren Gleicher and Shirlee Gordon in Tax and Joint Ventures; Thomas Kearns in Real Estate; Martin Cooper, Yehuda Markovits, and Jason Saltsberg in Corporate; and Mark Limardo and Eric Homsi in Tax. Steve Holm, Andrew Kellner and Dana Gallo at Levy Holm Pellegrino & Drath LLP, Lisa Rinaldi at Gerstein Strauss & Rinaldi LLP, and Joseph Hershkovitz at Frenkel, Hershkowitz & Shafran LLP served as co-counsel on the deal.
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International law firm Freshfields Bruckhaus Deringer has advised CITIC Pacific on its acquisition of all of the issued share capital of CITIC Limited from mainland-based CITIC Group and its subsequent share placement to 27 professional and international investors for a total amount of US$6.8bn to settle part of the consideration of the acquisition.
Tags: Freshfields Bruckhaus Deringer LLPHunton & Williams LLP advised the underwriters in the sale of $400,000,000 Alabama Power Company 4.150% Senior Notes, due October 1, 2044.
Alabama Power provides electricity supply and service to 1.4 million homes, businesses and industries in the southern two-thirds of Alabama. It is one of four US utilities operated by Southern Company, one of the nation’s largest producers of electricity. Alabama Power is the second largest subsidiary of Southern Company, serving homes, businesses and industries in the southern two-thirds of Alabama. More than 78,000 miles of power lines carry electricity to customers throughout 44,500 square miles.
International law firm Milbank, Tweed, Hadley & McCloy LLP represented the joint bookrunners, Goldman Sachs International, UBS Investment Bank, Natixis and Société Générale on the €320 million offering of senior secured notes by HOLDIKKS S.A.S and the lenders under a €40 million super-senior secured revolving credit facility of IKKS Group.
Tags: Milbank LLP