Skadden is representing Moelis & Company in its $163 million initial public offering, which priced on April 15. More >>
Tags: Skadden, Arps, Slate, Meagher & Flom LLPTravers Smith advises Polypipe Group plc on its £490 million IPO
Corporate Partners Spencer Summerfield and Charles Casassa and Corporate Senior Associates Dan Simons and Dan McNamee have advised Polypipe Group plc (“Polypipe”) on its listing on the main market of the London Stock Exchange on 16 April 2014 and its IPO and global offering to institutional investors, including QIBs in the United States, of shares held by the management team, certain employees and Polypipe’s principal shareholder, Cavendish Square Partners LP.
Tags: Travers SmithMayer Brown represents underwriters on project bond issuance for key energy transmission line in Peru
Axinn Represented Bauer Performance Sports Ltd. in $330 Million Acquisition of Easton Baseball/Softball
Axinn represented Bauer Performance Sports, Ltd., a leading developer and manufacturer of high performance sports equipment and apparel, as U.S. antitrust counsel in its $330 million asset acquisition of the Easton baseball, softball and lacrosse businesses from Easton-Bell Sports. The Axinn team included partners Stephen Axinn and Nick Gaglio. More >>
Tags: Axinn, Veltrop & Harkrider LLPCahill Represents Initial Purchasers in $750 Million Notes Offering by BMC Software
Cahill represented Credit Suisse, RBC Capital Markets, and Barclays as lead joint book-running managers and the other book-running managers in connection with the Rule 144A offering of $750,000,000 aggregate principal amount of 9%/9.75% Senior Contingent Cash Pay Notes due 2019 by Boxer Parent Company Inc., a direct holding company of BMC Software, a leading provider of information technology operations management solutions. Proceeds from the offering were used pay a dividend, and for general corporate purposes. More >>
Tags: Cahill Gordon & Reindel LLPCrown Castle’s $850 Million Registered High-Yield Senior Debt Offering
Davis Polk Advises Ally Financial On Its $2.4 Billion Initial Public Offering
Davis Polk advised Ally Financial Inc. in connection with its $2.4 billion initial public offering of common stock. The U.S. Department of the Treasury (U.S. Treasury), as selling shareholder, sold 95,000,000 shares of common stock of Ally as part of the planned exit of its investment in Ally. The underwriters have the option to purchase up to an additional 14,250,000 shares of common stock from U.S. Treasury to cover over-allotments. If the over-allotment option is exercised in full, the proceeds of the offering to U.S. Treasury will be over $2.7 billion. Ally’s common stock is listed on the New York Stock Exchange under the symbol “ALLY.” The transaction represents the largest initial public offering in the U.S. for 2014 to date.
Tags: Davis Polk & Wardwell LLPHogan Lovells Advises on £2.7 Bn IEP Financing
Hogan Lovells has advised the Department for Transport (DfT) on the financing of the £2.7 billion East Coast phase of the UK’s Intercity Express Programme (IEP) which closed Tuesday 15 April 2014. More >>
Tags: Hogan LovellsAddleshaw Goddard acts for Seven Energy on US$255 million equity investment by Temasek and IFC
Addleshaw Goddard’s African Business Group has recently advised Seven Energy International Limited (“Seven Energy”) in securing US$255 million of new equity capital which will enable the Group to further develop gas supply opportunities in Nigeria’s domestic energy market.
Temasek, the Singapore investment company, has committed US$150 million, the International Finance Corporation (“IFC”), a member of the World Bank Group, has committed US$75 million, and the IFC African, Latin American, and Caribbean Fund (“IFC ALAC Fund”) has committed US$30 million. The investments will be in two tranches, the timing of which is subject to the satisfaction of certain conditions in the investment agreements.
Tags: Addleshaw Goddard LLPClifford Chance Advises Risanamento on the Sale of its French Real Estate Portfolio
International law firm Clifford Chance is advising the Italian group Risanamento in relation to the €1.225bn sale of its French real estate portfolio representing one of the most significant transactions in France since 2007.
Tags: Clifford Chance LLP