Shearman & Sterling Advises Genmab A/S in Connection with $180 Million Private Placement

Shearman & Sterling represented Genmab A/S in connection with an underwritten private placement of 4,600,000 of its ordinary shares for aggregate gross proceeds of $180 million. The private placement included sales to institutional investors in Denmark and internationally. Jefferies International Limited and Kempen & Co N.V. acted as co-managers for the private placement. The proceeds from the private placement will be used to further develop Genmab’s clinical and pre-clinical pipeline.

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Shearman & Sterling Advises Jaguar Land Rover on its First Tender Offers

Shearman & Sterling has advised Jaguar Land Rover Automotive plc on the tender offers for its £500 million Notes due 2018 (the “Sterling Tender Offer”) and $410 million Notes due 2018 (the “Dollar Tender Offer”), which were among the first high yield bonds issued by the company as part of its £1 billion equivalent fixed rate high yield bond offering in May 2011.

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Firm Represents Underwriters in €1.75 Billion Debt Offering by Philip Morris International Inc.

The Firm represented the underwriters, led by BNP Paribas, Deutsche Bank AG, London Branch, Goldman, Sachs & Co. and Société Générale as joint book-running managers, in connection with an offering by Philip Morris International Inc. of €750 million of 1.875% Notes due 2021 and €1 billion of 2.875% Notes due 2026. The notes were sold in a public offering and will be listed for trading on the New York Stock Exchange.

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White & Case Advises Avast Software on Sale of Significant Minority Stake to CVC Capital Partners

Global law firm White & Case LLP has advised Avast Software, one of the world’s major players in the antivirus market, and a selling shareholder consortium on the sale of a significant minority stake to CVC Capital Partners, one of the world’s leading private equity and investment advisory firms.

Supporting the successful completion of the deal included advising on the new US borrower financing that supported CVC’s acquisition of an approximate 40 percent interest in Avast, which values the Prague-based business at around US$1 billion. More >>

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SL Green Realty Closes $360 Million Refinancing

Paul, Weiss client SL Green Realty Corp., New York City’s largest office landlord, in a joint venture with affiliates of a life insurance company, completed a $360 million refinancing of the joint venture’s office property at 100 Park Avenue. The loan was provided by a syndicate led by Landesbank Hessen-Thuringen Girozentrale.

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Kalahari Minerals sold for £650 million – advised by Lawrence Graham

International business law firm Lawrence Graham LLP (LG) has advised Kalahari Minerals Plc in its sale to Taurus Mineral, a newly incorporated company formed at the direction of CGNPC-Uranium Resources Co. Ltd and the China-Africa Development Fund, for £650 million.  This is only the second acquisition of a UK-listed company by a Chinese state-owned enterprise.

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Paul Hastings Advises Gemdale on Guaranteed Bonds Issuance

Paul Hastings, a leading global law firm, announced today that it advised Gemdale (Asia) Investment Limited (“Gemdale”), a wholly-owned subsidiary of Famous Commercial Limited (“Famous”), on its issuance of RMB1,050 million guaranteed bonds (“Bonds”), due 2017. Standard Chartered Bank (Hong Kong) Limited, CICC HK Securities, Credit Suisse, DBS Bank Ltd., Deutsche Bank, The Hongkong and Shanghai Banking Corporation, and Industrial and Commercial Bank of China (Asia) Limited acted as the underwriters. The Hongkong and Shanghai Banking Corporation also acted as the trustee. More >>

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Simpson Thacher Represents Tyco in the $1.93 Billion Sale of its South Korean Security Business to Carlyle

The Firm is representing Tyco (NYSE: TYC) in connection with its definitive agreement to sell Tyco Fire & Security Services Korea Co. and its subsidiaries, ADT Caps Co., Ltd., Capstec Co., Ltd. and ADT Security Co., Ltd., (combined “ADT Korea”) to The Carlyle Group, in a cash transaction valued at approximately $1.93 billion. The transaction is expected to close in Tyco’s fiscal third quarter of 2014 and is subject to customary closing conditions including required regulatory approval.

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