Kramer Levin Client Stone Point Capital Completes Acquisition Of LTCG Holdings Corp.

Wednesday, June 11, 2014
On June 6, 2014, funds managed by Kramer Levin client Stone Point Capital LLC completed their acquisition of LTCG Holdings Corp., the parent of Long Term Care Group, Inc. (“LTCG”). LTCG is the recognized leader in business process outsourcing for long-term care insurance, and the acquisition furthers Stone Point’s strategy of backing innovative companies in the insurance and insurance services sectors. Originally founded in 1996 as the Long Term Care Group, LTCG is the largest provider of comprehensive outsourcing and claims management to long-term care insurers. In addition, LTCG provides clients with advanced risk management insight built upon its proprietary long-term care underwriting and claims databases.

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Tags:  Kramer Levin Naftalis & Frankel LLP

Eagle Bancorp And Virginia Heritage Bank Announce Merger Agreement

Wednesday, June 11, 2014

On June 9, 2014, Eagle Bancorp, Inc. (“Eagle”) (NASDAQ: EGBN), the parent company of EagleBank (“EagleBank”), and Virginia Heritage Bank (“VHB”) (OTCQB: VGBK) announced that they have entered into a definitive agreement (the “Agreement”) pursuant to which VHB will be merged into EagleBank, with EagleBank being the surviving institution. The merger will accelerate Eagle’s growth with the addition of VHB’s 6 branches, which are all located in the attractive Northern Virginia market.  At March 31, 2014, VHB had approximately $917.4 million in assets, $715.8 million in net loans and $737.1 million in deposits.

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Appleby Advises Energy XXI On Usd 2.2bn Merger With EPL Oil & Gas

Wednesday, June 11, 2014

Appleby acted as Bermuda counsel to Energy XXI (Bermuda) Limited (“Energy XXI”) (Nasdaq:EXXI) (AIM:EXXI) in its USD2.2bn merger with EPL Oil & Gas, Inc. (“EPL”) (NYSE:EPL), a union that creates the only publically traded, pure-play oil and gas exploration company in the shallow water section of the U.S. Gulf of Mexico. The new enterprise has an enterprise value of USD6bn.

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Tags:  Appleby

Akin Gump Advises Greenlight Capital in BioFuel Energy’s $275M Acquisition of JBGL

Wednesday, June 11, 2014

Today, Biofuel Energy Corp. announced that it had entered into a definitive agreement with certain affiliates of Greenlight Capital, Inc. and James R. Brickman pursuant to which Biofuel will acquire the equity interests of JBGL Builder Finance LLC and certain subsidiaries of JBGL Capital, LP from Greenlight and Brickman. JBGL is a series of real estate entities involved in the purchase and development of land for residential purposes, construction lending and home building operations. JBGL is currently owned and controlled by Greenlight and Brickman.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | New York

Macfarlanes Advises Game Digital On IPO

Wednesday, June 11, 2014
Macfarlanes has advised GAME Digital plc, the leading omni-channel specialist retailer of video games in the UK and Spain, on its flotation on the main London market.
Based on the offer price of 200 pence per share, which raised gross proceeds of approximately £121 million for GAME and the selling shareholders, the market capitalisation of GAME at IPO was £340 million.

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Tags:  Macfarlanes LLP

Simpson Thacher Represents TPG Capital and Riverwood Capital in Sale of Aptina, Inc. to ON Semiconductor for $400 Million

Tuesday, June 10, 2014

Simpson Thacher is representing TPG Capital, Riverwood Capital and Aptina, Inc. in connection with the sale of Aptina, a global provider of imaging solutions, to an affiliate of ON Semiconductor Corporation (NASDAQ: ONNN) for approximately $400 million. The transaction is expected to close in the third quarter of 2014 and is subject to customary regulatory and other closing conditions.
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Tags:  Simpson Thacher & Bartlett LLP

TransDigm Inc.’s $2.35 Billion High-Yield Senior Subordinated Debt Offering

Tuesday, June 10, 2014

Cravath represented the initial purchasers, led by Morgan Stanley and Credit Suisse, in connection with the US$2.35 billion 144A/Reg. S high‑yield senior subordinated debt offering of TransDigm Inc., a leading global designer, producer and supplier of highly engineered aircraft components. The transaction closed on June 4, 2014.

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