Davis Polk advised JPMorgan Chase Bank, N.A. as administrative agent in connection with a $1 billion revolving credit facility for The Estée Lauder Companies Inc. The facility will be used for general corporate purposes.
DLA Piper advises Ziraat Bank on $750 million issuance
DLA Piper has advised Ziraat Bank, Turkey’s largest bank by deposits and number of branches, in its successful debut issuance of $750 million 4.250 notes due 2019 under the bank’s Medium Term Note (MTN) programme. The firm also advised on the establishment of the programme in May 2014.
Tags: DLA Piper
Dorsey & Whitney Advises Cenkos on ClearStar, Inc. Admission to AIM
International law firm Dorsey & Whitney LLP is pleased to announce that it advised Cenkos Securities plc as nominated adviser and broker to ClearStar, Inc. in connection with its admission to AIM, a market operated by London Stock Exchange plc.
Tags: Dorsey & Whitney LLP ClearStar shares were admitted to trading on the London Stock Exchange’s AIM market on Friday, July 11, 2014. The company raised approximately £8.84 million gross (approximately £7.4 million net of expenses) from institutional investors. ClearStar is the first U.S.-based company to list on AIM this year, bringing total money raised on the market to c. £2.4 billion in the last 12 months (almost three times that raised in the 12 months prior).
Hebert Smith Freehills advises the joint sponsors of HK$1.4 billion Kangda IPO
Herbert Smith Freehills has advised Macquarie Capital Securities Limited and ICBC International Capital Limited in relation to their role as the joint sponsors of Kangda International Environmental Company Limited’s (“Kangda”) HK$1.4 billion Initial Public Offering (IPO) and listing on the Hong Kong Stock Exchange.
Kangda is a leading wastewater treatment service provider in the People’s Republic of China. The company listed on the Hong Kong Stock Exchange on 4 July 2014.
Tags: Hong Kong
Simpson Thacher Represents JPMorgan, Financial Advisor to Whiting, in Whiting’s Announced $6.0 Billion Acquisition of Kodiak
The firm is representing J.P. Morgan Securities LLC in its role as financial advisor to Whiting Petroleum Corporation (NYSE: WLL) in connection with Whiting’s announced all-stock acquisition of Kodiak Oil & Gas Corp. (NYSE: KOG) in a transaction valued at $6.0 billion. The transaction is expected to be completed in the fourth quarter of 2014.
Tags: Simpson Thacher & Bartlett LLP
Herbert Smith Freehills advises on the world’s largest pharmacuetical IPO in three years
Herbert Smith Freehills has advised UBS AG, Hong Kong Branch; Citigroup Global Markets Asia Limited; and CITIC Securities Corporate Finance (HK) Limited in relation to their role as the underwriters and joint sponsors of the Initial Public Offering (IPO) of Luye Pharma Group Ltd. (“Luye”) and its listing on the Hong Kong Stock Exchange. The IPO raised US$764 million, making it the world’s largest pharmaceutical company IPO in three years.
Luye focuses on developing, producing and distributing innovative pharmaceutical products in three of China’s largest and fastest growing therapeutic areas: oncology, cardiovascular system and alimentary tract and metabolism.
Tags: Herbert Smith Freehills Kramer LLPMacfarlanes advises on £900m PizzaExpress sale to Hony Capital
Macfarlanes has advised PizzaExpress senior management on the sale of the restaurant chain to Chinese investment group Hony Capital for £900m.
The PizzaExpress chain has over 400 restaurants in the UK, is being bought by Hony Capital from the London-based private equity firm Cinven.
Tags: Macfarlanes LLP
Goodwin Advises LiveRail in Sale to Facebook
Goodwin Procter recently advised LiveRail on its announced sale to Facebook. Terms of the transaction were not disclosed.
LiveRail is the world’s largest programmatic platform for video publishers with over 7 billion impressions delivered monthly via the company’s platform. The company’s mission is to provide publishers with the technology to sell their video inventory smarter and safer across all devices. LiveRail, founded in 2007, employs 170 people and has offices in San Francisco, New York City, London, Paris and Romania.
Tags: Goodwin Procter LLP 
Clifford Chance advises Symrise on EUR 500 million bond issue
The bond matures in 2019 and has a coupon of 1.75%.
The syndicate comprised Mitsubishi UFJ Securities, UniCredit Bank, Banco Santander, BNP Paribas, J.P. Morgan and Helaba.
Symrise AG is globally recognised as a leading provider of fragrances, flavours and active ingredients for cosmetics and a range of other products. The company’s turnover in 2013 was more than EUR 1.8 billion.
Tags: Clifford Chance LLP Andrews Kurth Represents NRG Energy in $1 Billion Carbon Capture Joint Venture with JX Nippon Oil & Gas
A team of attorneys from Andrews Kurth LLP served as project development counsel to NRG Energy Inc. in the company’s joint venture with JX Nippon Oil & Gas Exploration Corp. to build the world’s largest post-combustion carbon capture and sequestration (CCS) facility on an existing coal plant in Fort Bend County, Texas.
The Petra Nova Carbon Capture Project at the W.A. Parish Power Plant Facility will capture 90 percent of the carbon dioxide (CO2) from processed flue gas, or approximately 1.6 million tons of CO2 annually. The CO2 will be delivered through an 82-mile pipeline for enhanced oil recovery at the West Ranch Oil Field in Jackson County, Texas. The West Ranch Oil Field is estimated to contain more than 60 million barrels of oil, available through enhanced recovery operations.
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