Gilbert + Tobin advised the issuer, Burson, on its initial public offering which listed with a A$298 million market capitalisation, having sold 112 million shares at $1.82 each.
Tags: Gilbert, LLPKWM acts for winning consortium on $1.75bn Port of Newcastle privatisation
Kirkland & Ellis Represents Exelon in Pepco Acquisition
Kirkland & Ellis LLP represents Exelon Corporation (NYSE: EXC), which today announced it signed a definitive agreement to acquire Pepco Holdings Inc. (NYSE: PHI), in an all-cash transaction consideration of $27.25 per share. The agreement brings together Exelon’s three top-performing electric and gas utilities – BGE, ComEd and PECO – and Pepco Holdings’ electric and gas utilities – Pepco, Atlantic City Electric and Delmarva Power – to create the leading Mid-Atlantic electric and gas utility. More >>
Tags: Kirkland & Ellis LLPCahill Represents Lead Arrangers in $650 Million Amended and Restated Credit Facility for Res-Care, Inc.
Cahill represented Bank of America as administrative agent and BofA Merrill Lynch, J.P. Morgan and RBC Capital Markets as lead arrangers in connection with a $650,000,000 amended and restated credit facility, comprised of a new $200,000,000 term A loan, a $250,000,000 revolving credit facility, and a new committed delayed draw term loan of up to $200,000,000, for Res-Care, Inc., which is the nation’s largest provider of services to people with disabilities and the largest privately-owned home care company. Proceeds from the facility will be used to pay a dividend, refinance existing indebtedness and for general corporate purposes. More >>
Tags: Cahill Gordon & Reindel LLPBrent E. Siler Joins Butler Snow in Memphis
Cadwalader Advises Global Financial Institution on $200 Million Multi-Currency Loan Deal
Cadwalader, Wickersham & Taft LLP, a counselor to corporations and financial institutions, advised a leading global financial institution on its recent $200 million, tranched, multi-currency revolving loan facility to an affiliate of Callidus Capital Corporation. The facility become effective concurrently with a restructuring of Callidus’ existing term debt and an initial public offering of 18,000,000 common shares of Callidus at a price of $14.00 per common share for aggregate gross proceeds of $252 million.
Tags: Cadwalader, Wickersham & Taft LLPAkin Gump Advises El Paso Partners Conflicts Committee in $2 Billion Kinder Morgan Deal
Akin Gump advised the conflicts committee of El Paso Pipeline Partners, L.P.’s (EPB) general partner, El Paso Pipeline GP Co. LLC, in a deal in which EPB said it will acquire Kinder Morgan, Inc.’s 50 percent stake in Ruby Pipeline, 50 percent stake in Gulf LNG and 47.5 percent stake in Young Gas Storage. The transaction is valued at approximately $2 billion, including $1.012 billion of proportionate debt at Ruby and Gulf LNG, resulting in an equity purchase price of $972 million.
Tags: Akin Gump Strauss Hauer & Feld LLPBaker Botts Represents EQT Corporation in $1.18 Billion Sale of Jupiter Gas Gathering System
Berrymans Lace Mawer and HBM Sayers complete combination to form BLM
Today [1 May 2014] Berrymans Lace Mawer and HBM Sayers formally have combined as BLM, a £100m business that will be the UK and Ireland’s leading risk and insurance law firm with 170 partners, 630 lawyers and technical experts, and 1,550 employees spread across 12 offices across England, Ireland, Scotland and Wales.
Tags: Berrymans Lace Mawer LLP