Wesco Aircraft Holdings, Inc. Secondary Offering

Davis Polk advised Barclays Capital Inc. as underwriter in connection with the secondary offering of 6,000,000 shares of common stock of Wesco Aircraft Holdings, Inc. sold by a selling stockholder, an affiliate of the Carlyle Group, for an aggregate price to the public of $123 million. Wesco Aircraft’s common stock is traded on the New York Stock Exchange under the symbol “WAIR.”

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Goodwin Advises Insight Venture Partners on $752 Million Acquisition of iParadigms

Attorneys from Goodwin Procter recently advised private equity firm Insight Venture Partners on its announced, definitive agreement to acquire iParadigms, along with GIC, Singapore’s sovereign wealth fund, for $752 million. The transaction is expected to close in the third quarter of 2014 and is subject to the waiting period under the HSR Act and customary closing conditions. Additional terms were not disclosed.

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MoFo Advises Global Logistic Properties in Closing $1.6 Billion Tranche of Landmark China Consortium Agreement

Morrison & Foerster is advising Global Logistic Properties Limited (GLP), the leading provider of modern logistics facilities in China, Japan and Brazil, in its landmark agreement with a group of strategic partners, as detailed in its press release. The first tranche of the transaction – which comprises a US$1.48 billion investment in China Holdco and a US$163 million investment in in GLP Listco – has closed. The second tranche, with a planned investment of up to US$875 million in China Holdco is expected to be completed within the next six months.

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Shearman & Sterling Advises Macnica and Fuji Electronics in Their Planned Integration

Shearman & Sterling is representing Macnica, Inc. (“Macnica”) and Fuji Electronics Co., Ltd. (“Fuji Electronics”) in their planned integration under a joint holding company that will be listed on the Tokyo Stock Exchange. The combined market value of their issued shares as of the announcement date was approximately US$733 million. The transaction is subject to, among other things, approval by the shareholders of both companies.

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Simpson Thacher Represents Sycamore Partners in Raising $2.5 Billion Fund

The Firm represented Sycamore Partners in raising Sycamore Partners II, L.P., a $2.5 billion private equity fund, which is the successor fund to Sycamore’s inaugural $1 billion fund raised in 2011/12.  Sycamore, founded by Stefan Kaluzny, is a leading private equity firm focused on consumer and retail investments.  The Firm has also assisted Sycamore on many of its investments including Talbots, Hot Topic and The Jones Group.
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Kirkland & Ellis Represents Blue Sea Capital in Closing of $327 Million Debut Fund

Kirkland & Ellis LLP represented Blue Sea Capital LLC, a private equity firm based in Palm Beach, Florida, and with an office in El Segundo, California, in the closing of its debut fund, announced yesterday.  Blue Sea Capital Fund I LP successfully closed with $327 million of capital commitments, substantially oversubscribed from the initial $300 million target, with approximately 10 percent coming from the general partner and its affiliates. Blue Sea achieved the fundraise within 12 months. Investors include pension funds, insurance companies, fund-of-funds, endowments and multi-family offices.
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Mayer Brown represents New Gulf Resources, LLC on $500 million high yield offerings of senior secured and subordinated PIK toggle notes

Mayer Brown, a leading global law firm, advised New Gulf Resources, LLC, an Oklahoma-based oil & gas exploration and production company, on concurrent private high-yield notes offerings of $365 million 11.75% senior secured notes due 2019 and $135 million subordinated payment-in-kind (PIK) toggle notes due 2019 with warrants. New Gulf Resources used the proceeds of the high yield bonds to acquire more than 80,000 acres of oil & gas properties in Texas. Global Hunter Securities and The Seaport Group acted as the placement agents in the offering.

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