The Firm represented Hilton Worldwide Holdings Inc. in connection with a $2.3 billion secondary offering, consisting of 103,500,000 shares of common stock (including 13,500,000 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares) at a public offering price of $22.50 per share.
C&J Energy Services to Combine with Nabors’ Completion and Production Businesses in Transaction Valued at $2.86 Billion
Vinson & Elkins advised C&J Energy Services in its agreement to merge with Nabors’ completion and production businesses to create a leading diversified completion and production services provider, a transaction valued at $2.86 billion.
Baker Botts Client LINN Energy Announces $2.3 Billion Acquisition of Assets from Devon Energy
LINN Energy, LLC (Nasdaq:LINE) and LinnCo, LLC (Nasdaq:LNCO) announced today that LINN has signed a definitive agreement to acquire assets in five U.S. operating areas from Devon Energy Corporation (NYSE:DVN) for $2.3 billion. The asset package is comprised of approximately 900,000 net acres across the Rockies, Mid-Continent, east Texas, north Louisiana and south Texas regions with approximately 4,500 total wells. LINN has identified over 1,000 future drilling locations and over 600 recompletion opportunities. LINN has secured $2.3 billion of committed interim financing for the acquisition of Devon assets, subject to final documentation. The financing was lead arranged by Scotiabank and included Barclays, RBC Capital Markets and Wells Fargo.
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DHT Holdings Inc.’s Registered Direct Offering
Cravath represented DHT Holdings, Inc. in connection with a registered direct offering of US$227 million of common stock. DHT Holdings, Inc. operates a fleet of crude oil tankers. The shares were listed on the New York Stock Exchange. The transaction closed on February 5, 2014.
Performance Sports Group Ltd. $126.5 Million Initial Public Offering
Davis Polk advised Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets, LLC as joint book-running managers and representatives of the underwriters in connection with the $126.5 million U.S. initial public offering and concurrent Canadian new issue offering of 8,161,291 common shares of Performance Sports Group Ltd. (formerly, Bauer Performance Sports Ltd.) (including 1,064,516 common shares from the full exercise of the underwriters’ over-allotment option). The common stock is listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “PSG.”
Gilbert + Tobin advises on the IPO of Healthscope Limited
Gilbert + Tobin is advising the Joint Lead Managers to the Healthscope IPO, Macquarie Capital (Australia) Limited, UBS AG (Australia Branch), CIMB Capital Markets (Australia) Ltd, Credit Suisse (Australia) Limited, Goldman Sachs Australia Pty Limited and Merrill Lynch Equities (Australia) Limited. The listing will give Healthscope an implied market capitalisation of $3.3 – $3.8 billion at the offer price, making this the largest IPO in Australia since QR National in 2010.
Tags: Gilbert, LLP
Kirkland & Ellis Represents Braas Monier and its Stakeholders in Connection with Refinancing, High-Yield Bond and IPO
Kirkland & Ellis International LLP represented Braas Monier Building Group SA and its stakeholders, including Apollo Management, TowerBrook Capital Partners and York Capital Management, in connection with Braas Monier’s recent refinancing and high-yield bond offering, and the initial public offering of the business on the Frankfurt Stock Exchange earlier this week. The partial listing raised €470 million (approx. $639 million) and valued Monier at €940 million (approx. $1.28 billion).
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Herbert Smith Freehills advises Asaleo Care on new banking facilities and material contracts in connection with its IPO
Herbert Smith Freehills has advised Asaleo Care on its A$350 million new banking facilities that will refinance its existing debt facilities on completion of Asaleo Care’s upcoming initial public offering (IPO). Herbert Smith Freehills also advised Asaleo Care on various material contracts including its Trade mark and Technology Licence and Supply material contracts and advised Pacific Equity Partners in relation to the IPO.
Asaleo Care was listed on the Australian Securities Exchange on 27 June 2014.
Tags: Herbert Smith Freehills Kramer LLP 
Knobbe Medical Device Client Ulthera Acquired for $600 Million
Merz and Ulthera, Inc. announced on June 26, 2014 that they have entered a definitive merger agreement pursuant to which Merz will acquire Ulthera, Inc, a global medical device company focused on developing and commercializing technologies for aesthetic and medical applications using its therapeutic ultrasound platform technology. Valued at up to $600 million in upfront cash and milestone payments, the acquisition is the largest in Merz’s history.
Tags: Knobbe Martens
Clifford Chance Advises on AA’s IPO
Leading international law firm Clifford Chance is advising AA plc (the UK’s leading roadside assistance provider) and its owner Acromas Holdings, on its IPO on the London Stock Exchange, which has raised £1.385billion.
Tags: Clifford Chance LLP