Hogan Lovells has advised Investindustrial Group on the disposal by Investindustrial Group and KKR of the Avincis Group to Babcock International Group PLC for an enterprise value of approximately €2 billion. More >>
Tags: Hogan Lovells
Shearman & Sterling advised Citigroup Global Markets Inc., BNP Paribas Securities Corp., Evercore Group LLC, Global Hunter Securities, LLC and Pareto Securities AS, as initial purchasers, in the inaugural High Yield notes offering by Global Ship Lease, Inc. (“Global Ship Lease”) $420 million 10.000% First Priority Secured Notes due 2019. The notes are guaranteed on a senior basis by Global Ship Lease Services Limited and each of Global Ship Lease’s 17 vessel-owning subsidiaries. Global Ship Lease intends to use the net proceeds of the offering, primarily to repay existing indebtedness, to terminate its existing interest rate swap agreements and for general corporate purposes.
Tags: Shearman & Sterling LLP
The Firm recently represented Kobe Steel, Ltd. in connection with its offering of an aggregate of 632.5 million shares of common stock, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥87 billion.
Tags: Simpson Thacher & Bartlett LLP
Global law firm Eversheds has advised RPW (Southampton) Limited, a joint venture company owned by Morgan Sindall Investments Limited (“MSIL”) and funders Lucent Group (“Lucent”) on the signing of the conditional development agreement for the regeneration of the Royal Pier Waterfront in Southampton.
Tags: Eversheds Sutherland
Goodwin Procter attorneys recently advised a consortium of venture investors in Oculus VR, Inc. in connection with the company’s approximately $2 billion sale to Facebook. The investor group included Andreessen Horowitz, Matrix Partners and Spark Capital. The transaction includes $400 million in cash and 23.1 million shares of common stock and is expected to close in the second quarter of 2014. Additional terms of the transaction were not disclosed.
Tags: Goodwin Procter LLP
Herbert Smith Freehills has advised a consortium made up of Marubeni Corporation, POSCO and China Steel Corporation on the US$7.2 billion debt package secured by the Roy Hill iron ore project in the Pilbara region of Western Australia. The consortium has a 30% interest in the Roy Hill project.
The US$7.2 billion debt package is comprised of loans and guarantees from five export credit agencies (Japan Bank for International Cooperation, Korea Eximbank, Korea Trade Insurance Corporation, Nippon Export and Investment Insurance and Export-Import Bank of the United States) and a consortium of 19 commercial banks from Australia, Japan, Europe, China, Korea and Singapore.
Tags: Herbert Smith Freehills LLPSimpson Thacher recently represented the underwriters, led by Nomura Securities International, Inc., in an offering by Nomura Holdings Inc. (“Nomura Holdings”) of $1 billion aggregate principal amount of its 2.75% Medium-Term Notes, Series A due 2019. The Notes are listed on the London Stock Exchange.
Tags: Simpson Thacher & Bartlett LLPSkadden is representing Wilton Re Holding Limited in its $1.8 billion acquisition by the Canada Pension Plan Investment Board, announced on March 21. More >>
