Paul, Weiss client Oak Hill Capital Partners announced that it has entered into a definitive agreement to acquire Berlin Packaging LLC, a leading supplier of rigid packaging products and services in North America, from Investcorp, in a transaction valued at $1.43 billion. Completion of the transaction, which is expected to close in the third quarter, is subject to customary closing conditions.
Clyde & Co advises Econet on USD 300m debt facilities to expand African
A team from Clyde & Co in London and Dar es Salaam recently advised the Econet Wireless Group on three separate secured facilities totalling approximately USD 300 million.
The facilities are being provided by an Afreximbank led syndicate (including DEG, FMO, Proparco and Stanbic Zimbabwe), China Development Bank and Ericsson Credit AB.
Tags: Clyde & Co LLP
Paul Hastings Advises OCEAN Holding on Acquisition of Düsseldorfer Hypothekenbank from Lone Star
Paul Hastings LLP, a leading global firm, announced today that it advised OCEAN Holding GmbH on the acquisition of the Düsseldorfer Hypothekenbank AG, a major German mortgage bank, from the US investor Lone Star. Measured by total assets estimated at €12 billion, this is the largest German bank takeover since the financial crisis.
Tags: Paul Hastings, LLP
Simpson Thacher Represents Dai-ichi Life Insurance in Its ¥264 Billion Offering of Common Stock
Simpson Thacher recently represented The Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”) in connection with its offering of an aggregate of 184.9 million shares of common stock, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥264 billion, which Dai-ichi Life plans to use to fund, in part, its approximately $5.7 billion cash acquisition of Protective Life Corporation, a U.S. life insurance group.
Tags: Simpson Thacher & Bartlett LLP
Dynegy to Acquire Assets From Energy Capital Partners
Skadden represented Houston-based independent power generator Dynegy Inc. in its $3.25 billion acquisition of EquiPower Resources Corp. and Brayton Point from private equity firm Energy Capital Partners.
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CMS advises on £900m longevity swap for Trustees of the PGL Pensions Scheme
Davis Polk Advises Roche on Its Acquisition of InterMune
Davis Polk is advising Roche in connection with its $8.3 billion acquisition of InterMune, Inc. The closing of the transaction is expected to take place in 2014.
Tags: Davis Polk & Wardwell LLPAtlantic City Electric Company $150 Million First Mortgage Bond Offering
Hunton & Williams LLP advised Barclays Capital Inc. and KeyBanc Capital Markets Inc., as representatives of underwriters on an SEC-registered offering by Atlantic City Electric Company (“ACE”) of $150 million aggregate principal amount of its first mortgage bonds due 2024.
Vinson & Elkins Advises Quantum Energy Partners in $450M Oil & Gas Partnership with Tug Hill, Inc.
Vinson & Elkins advised Quantum Energy Partners in its partnership with Tug Hill, Inc. to acquire, develop and exploit conventional and unconventional oil and gas assets in certain North American basins. The Partnership will be supported by an initial $450 million equity commitment from Quantum and Tug Hill.
Tags: Vinson & Elkins LLP
Ballard Spahr Helps Clients Close $2 Billion in Real Estate Deals
Philadelphia is growing. And, this summer, real estate attorneys at Ballard Spahr helped clients launch three projects that will transform three dynamic sections of the City: The Comcast Innovation & Technology Center at 18th and Arch Streets, a major mixed-use development in University City by Drexel University and Wexford Science + Technology, and Rodin Group’s Whole Foods/mid-rise multifamily project in the Benjamin Franklin Parkway district.
“These projects make an extraordinary mark, both in generating economic development and in promoting the urban experience in Philadelphia neighborhoods,” said Bart I. Mellits, Chair of Ballard Spahr’s Real Estate Department. “Together, the projects will generate thousands of permanent jobs in the City and make it a more vibrant place to live and work.”
Tags: Ballard Spahr LLP 