Monthly Archives: March 2015

Weil Advises Bank of America Merrill Lynch and Morgan Stanley on $2.9 Billion Bridge Financing for Verisk Analytics

Wednesday, March 11, 2015

A Weil team led by New York partners Morgan Bale and Jennifer Bensch advised Bank of America Merrill Lynch and Morgan Stanley as providers of $2.9 billion committed bridge financing for Verisk Analytics, Inc., a U.S.-based provider of risk assessment and data analytics services, in connection with its £1.85 billion (approximately $2.8 billion) acquisition of Wood Mackenzie, a U.K.-based energy, metals and mining research and consultancy group. More >>

Tags:  Weil, Gotshal & Manges, LLP | London | Washington

Littler Adds Employment Litigator Eric J. Uhl to its New Portland Office

Wednesday, March 11, 2015

Littler, the world’s largest employment and labor law practice representing management, has added Shareholder Eric J. Uhl to its Portland, Maine office. Uhl brings with him significant employment litigation experience, and his arrival follows Littler’s recent expansion into Portland with the addition of Shareholders Jonathan Shapiro, Melinda J. Caterine and David Strock. More >>

Tags:  Littler Mendelson P.C. | Portland

Jones Day to open office in Detroit

Wednesday, March 11, 2015

“We are very grateful for the incredible work done by all involved in the recent Chapter 9 proceedings, and the opportunities created for the Detroit community and the Firm as a result of the successful conclusion of the bankruptcy case,” said Mr. Melton. “I am extremely excited to return to Detroit and privileged to have the chance to partner with the community and our clients in further expanding the business environment throughout the Metro area. We are proud to be investing in the vitality of Detroit’s future and look forward to continuing to help our clients compete in the global marketplace while capitalizing on the new energy and optimism in the region. We are confident that our relentless dedication to the highest quality and seamless client service throughout the United States, Europe, Asia, the Middle East, and Latin America, will help make that happen.” More >>

Tags:  Jones Day | Detroit

Dechert Advises on £1.1B (US$1.65B) Acquisition of Liberty Living Group

Wednesday, March 11, 2015

The Dechert Finance Real Estate team in London advised on the finance aspects of the £1.1 billion (US$1.65 billion) acquisition of the Liberty Living Group by the Canadian Pension Plan Investment Board (“CPPIB”) which completed yesterday. The acquisition is the first investment in an alternative real estate sector for CPPIB and it is also the largest real estate deal CPPIB has ever done in Europe. More >>

Tags:  Dechert LLP | London

Davis Polk Advises Verisk Analytics on Its Acquisition of Wood Mackenzie

Wednesday, March 11, 2015

Davis Polk is advising Verisk Analytics, Inc. in connection with its £1.850 billion (approximately $2.8 billion) acquisition of Wood Mackenzie from Hellman & Friedman and other Wood Mackenzie shareholders. The transaction is expected to close during the second quarter of 2015, subject to the completion of customary closing conditions, including receipt of regulatory approvals. More >>

Tags:  Davis Polk & Wardwell LLP | London | New York

Voya Financial, Inc. $1.4 Billion Block Trade

Wednesday, March 11, 2015

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc. in connection with the SEC-registered secondary block trade of 32,018,100 shares of common stock of Voya Financial, Inc. (“Voya”). Total gross proceeds to ING Groep N.V., the selling stockholder in the offering, were $1.4 billion. Voya’s common stock is traded on the New York Stock Exchange under the symbol “VOYA.” More >>

Tags:  Menlo Park | New York

Baker Botts Represents Valero Energy Corporation in $671 Million Drop-Down to Valero Energy Partners LP

Tuesday, March 10, 2015

Valero Energy Corporation (NYSE: VLO) entered into a drop-down transaction with Valero Energy Partners LP (NYSE: VLP), pursuant to which VLP acquired membership interests in certain subsidiaries of VLO for total consideration of about $671 million, including approximately $100 million of common and general partner units of VLP.

More >>

Tags:  Baker Botts L.L.P. | Houston