Davis Polk advised underwriters represented by BNP Paribas, Goldman Sachs International, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets, LLC in connection with the offering of $1 billion aggregate principal amount of 1.750% U.S. dollar bonds due 2019, issued by Export Development Canada.
Freshfields advises the Canada Pension Plan Investment Board on its US$250mn investment in the Markit group
Herbert Smith Freehills advises Woodside on A$6.1 billion exit by Shell
Herbert Smith Freehills has advised Woodside Petroleum Ltd on the exit by Shell Energy Holdings Australia Limited, a subsidiary of Royal Dutch Shell plc, comprising:
• a selective buy-back of 78.3 million Woodside shares owned by Shell for total consideration of A$2.9 billion. The consideration is based on a price per share of A$36.49, representing a 14% discount to the volume weighted average price of Woodside shares over the five trading days before the announcement of the transaction, and
• an underwritten sell-down by Shell of a further 78.3 million shares at A$41.35 per share, for total consideration of A$3.2 billion.
Tags: Herbert Smith Freehills Kramer LLPMayer Brown JSM advises Huafa group on its issue of RMB850 million credit enhanced bonds
Mayer Brown JSM advised Hong Kong Huafa Investment Holdings Company Limited on its issue of RMB 850 million 4.25 percent. credit enhanced bonds due 2017 backed by a standby letter of credit issued by Agricultural Bank of China. The deal was jointly lead managed by ABC International, the Hong Kong and Singapore branches of Agricultural Bank of China and OCBC. The Issuer is a wholly owned subsidiary of Zhuhai Huafa Group Co., Ltd., a PRC state-owned conglomerate involved in urban operations, financial services, property development, sales and trading, modern services, education, media and tourism. The bonds were assigned an A1 rating by Moody’s Investors Service.
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Milbank Advising UK Fund Manager Man Group in Announced Acquisition of US Investment Manager Numeric Holdings
In a noteworthy deal aligning two prominent asset managers, Milbank, Tweed, Hadley & McCloy LLP is representing leading UK-based hedge fund Man Group PLC in its announced acquisition of Numeric Holdings LLC, an investment manager based in Boston.
Under their joint agreement, Man will pay $219 million in cash, with up to $275 million payable to Numeric management and employees following after a five-year period. The deal is expected to close in September.
Tags: Milbank LLPEversheds advises Investec on £308.5m Main Market IPO of FDM Group
Law firm Eversheds has advised Investec Bank plc, as sponsor and sole bookrunner, on the £308.5 million Main Market IPO of FDM Group, the IT-focused international professional services provider.
Founded in 1991, FDM is a UK-based international professional services provider focusing principally on IT, specialising in the recruitment, training and deployment of its own permanent IT consultants across six core service areas: Development; Testing; Project Management Office; Data Analysis; Application Support; and Infrastructure.
Tags: Eversheds SutherlandNixon Peabody advises Gannett in television station deal
Gannett Co., Inc. (NYSE: GCI) today completed the previously announced sale of KTVK-TV and KASW-TV in Phoenix, AZ, to Meredith Corporation (NYSE: MDP). Gannett and Sander Media LLC conveyed assets to Meredith acquired following the December 2013 Gannett-Belo transaction. This completes the sale of stations to Meredith that was previously announced in December of 2013. The total sale price of the combined stations (those in Phoenix and KMOV-TV in St. Louis) was $407.5 million in cash.
Tags: Nixon Peabody LLPGoodwin Procter Advises TA Associates on Sale of Numeric to Man Group for Up to $494 Million
Goodwin Procter recently advised TA Associates on the announced sale of Numeric Holdings to Man Group. According to the terms of the agreement, Man will pay $219 million in cash at completion, and up to $275 million more payable to various Numeric management and employees at the five year anniversary of the completion of the transaction.
Tags: Goodwin Procter LLPPaul Hastings Advises Banks on $340 Million LMI Aerospace, Inc. Financing
Cooley Advises ProteinSimple in $300 Million Sale to Techne Corporation
Cooley LLP announced today that it is advising ProteinSimple on its sale to Techne Corporation (d/b/a Bio-Techne) for $300 million. ProteinSimple develops and commercializes proprietary systems and consumables for protein analysis that ultimately help reveal new insights into the true nature of proteins. Techne Corporation is a global life sciences company providing innovative bioactive tools and resources for the research and clinical diagnostic communities.
Tags: Cooley LLP








