Skadden – Lenta Debuts on London and Moscow Stock Exchanges

Skadden represented Credit Suisse, JPMorgan, VTB, Deutsche Bank, UBS and TPG Capital as the joint bookrunners for the $1 billion IPO of Russian hypermarket chain Lenta Ltd., which priced on February 28 and closed on March 5 and 7 on the London and Moscow stock exchanges, respectively. This was the first dual listing of global depositary receipts on the London and Moscow stock exchanges.

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Tags:  Skadden, Arps, Slate, Meagher & Flom LLP | Moscow

Willkie Represents Men’s Wearhouse in $1.8 Billion Acquisition of Jos. A. Bank

Willkie client The Men’s Wearhouse and Jos. A. Bank Clothiers announced that they have entered into a definitive agreement under which Men’s Wearhouse will acquire all of the outstanding shares of common stock of Jos. A. Bank for $65.00 per share in cash, or total consideration of $1.8 billion. The boards of directors of both companies have unanimously approved the transaction. Among the terms of the deal, Jos. A. Bank will terminate its agreement to acquire clothing retailer Eddie Bauer. Together, Men’s Wearhouse and Jos. A. Bank will have more than 1,700 stores in the U.S., with approximately 23,000 employees and sales of $3.5 billion on a pro forma basis.

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Tags:  Willkie Farr & Gallagher LLP

Simpson Thacher Represents PPL Corporation and PPL Capital Funding, Inc. in the Remarketing of $977.5 Million of Debt Securities

The Firm represented PPL Corporation (“PPL”) and PPL Capital Funding, Inc. (“PPL Capital Funding”) in the remarketing of $977.5 million of junior subordinated notes (the “junior notes”) of PPL Capital Funding related to the equity units originally issued by PPL in April 2011.  PPL Capital Funding issued $350 million 3.95% Senior Notes due 2024 and $400 million 5.00% Senior Notes due 2044 (collectively, the “senior notes”), which were sold to the purchasers of the junior notes (the “purchasers”) in exchange for the $750 million of the junior notes.  PPL Capital Funding also repurchased $227.5 million of the junior notes in the remarketing.  The senior notes were sold by the purchasers in an SEC-registered secondary offering, managed by Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

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Tags:  Simpson Thacher & Bartlett LLP

Simpson Thacher Represents Carlyle on Equity and Bond Offerings

Simpson Thacher recently advised The Carlyle Group L.P. on a $450 million offering of its common units and on an issuance by Carlyle Holdings II Finance L.L.C. of $200 million additional aggregate principal amount of its 5.625% Senior Notes due 2043 guaranteed by The Carlyle Group L.P., Carlyle Holdings I L.P., Carlyle Holdings II L.P. and Carlyle Holdings III L.P.

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Tags:  Simpson Thacher & Bartlett LLP

Squire Sanders advises on Lenta IPO share sale

Squire Sanders’ Global Corporate Practice has advised one of the shareholders in Lenta Ltd on the sale of its shares, as part of Lenta’s $4.3 billion IPO and GDR listing on the Main Market of the London Stock Exchange and the Moscow Exchange (including a $952 million secondary offering). More >>

Tags:  Squire Patton Boggs