Cooley LLP announced today that it advised MobileIron, Inc. on its $100 million IPO. MobileIron offers software solutions that enable enterprises to secure and manage mobile applications, content and devices while providing their employees with device choice, privacy and a native user experience. MobileIron’s stock now trades on the NASDAQ Global Stock Market under the symbol “MOBL.”
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Jackson Walker successfully represented Prophet Equity, a Southlake, Texas–based private equity firm, in connection with the formation and fundraising activities for its second fund, Prophet Equity II LP. Prophet Equity debuted in 2008 with a $271 million fund, and held an initial closing for Fund II on March 21, 2014, having raised $255.6 million of a targeted $345 million in under seven weeks. Prophet Equity completed capital raising for Fund II on May 30, 2014, having raised all of the targeted $345 million.
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Rodyk is acting for a Chinese state-owned EPC contractor in its US$2.3 billion acquisition of 45% stakeholding in a Vietnamese project company to develop a 2 x 660 MW coal-fired thermal power facility in Vietnam including advising on the build-operate-transfer agreement, power purchase agreement, coal supply agreement, EPC contract and related bonds and guarantees.
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John Katerndahl brings more than 25 years’ experience handling cases involving toxic tort products liability, premises liability, discrimination and business litigation. He has represented manufacturers, retailers, premises owners, telephone companies and contractors, and has amassed an impressive record of trial victories.
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Simpson Thacher represented First Reserve Management, L.P. (“First Reserve”) in the establishment of its second fund dedicated to investments in energy-related infrastructure businesses, First Reserve Energy Infrastructure Fund II, L.P. (“FREIF II”). FREIF II has been formed to make privately negotiated investments in a diversified portfolio of infrastructure assets or businesses related to the energy and natural resources industries. First Reserve has announced that FREIF II raised $2.5 billion of total commitments, double the size of its predecessor fund.
Tags: Simpson Thacher & Bartlett LLP
Shearman & Sterling represented Credit Suisse, ABN AMRO, BNP PARIBAS, Citigroup, J.P. Morgan and The Royal Bank of Scotland as initial purchasers, led by Credit Suisse as Sole Global Coordinator and Physical Bookrunner, in connection with the offering of €715 million in a combination of senior secured floating rate notes due 2019 and 6.25% senior secured fixed rate notes due 2019 (together, the “Senior Secured Notes”) issued by HEMA Bondco I B.V. (a wholly-owned subsidiary of Dutch Lion B.V., the parent of HEMA B.V. [“HEMA”]), and 8.50% senior notes due 2019 (the “Senior Notes”, and together with the Senior Secured Notes, the “Notes”) issued by HEMA Bondco II B.V. (a wholly-owned subsidiary of Dutch Lion B.V.). The net proceeds from the issue and sale of the Notes will be used to refinance existing debt obligations of HEMA and its subsidiaries. The Senior Secured Notes will be guaranteed on a senior basis by certain subsidiaries of HEMA, and the Senior Notes will be guaranteed on a senior subordinated basis by certain subsidiaries of HEMA. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on June 17, 2014.
Tags: Shearman & Sterling LLP
Global law firm White & Case LLP has advised Commerzbank AG on the sale of its Tokyo-based subsidiary, Commerz Japan Real Estate Finance Corporation (CJREFC), to leading Asia-focused alternative investment manager PAG.
As part of the transaction, the primarily subordinated loans held by CJREFC, which total around €700 million, are being transferred to the buyer. The portfolio, acquired via PAG’s Secured Capital REP V and Pacific Alliance Special Situations funds, will be managed by PAG’s Tokyo-based Secured Capital Investment Management.
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Herbert Smith Freehills has advised UGL Limited (UGL) on the sale of its global property services business, DTZ, to a consortium comprising TPG Asia, Inc, PAG Asia Capital and Ontario Teachers’ Pension Plan (together TPG and Partners) at an enterprise value of A$1.215 billion, announced today.
As previously disclosed, UGL has undertaken a process to evaluate third party interest received in DTZ to determine whether a potential sale of the business is in the best interests of shareholders. Following completion of this process, the Board has determined to enter into a binding sale agreement with TPG and Partners.
Tags: Herbert Smith Freehills Kramer LLPThe Priceline Group Inc. (NASDAQ: PCLN) and OpenTable, Inc. (NASDAQ: OPEN) have announced a definitive agreement whereby The Priceline Group will acquire OpenTable for $103 per share in an all cash transaction valued at $2.6 billion. The transaction will be effected through a tender offer and is expected to close in the 3rd quarter of 2014, subject to the satisfaction of customary closing conditions. OpenTable will continue to be headquartered in San Francisco, CA and will operate as an independent business led by its current management team within The Priceline Group.
