Hogan Lovells Advises QIC on Major Insurance Acquisition

Hogan Lovells has advised Qatar Insurance Company S.A.Q (QIC) on its acquisition of Antares Holdings Limited, a leading Lloyd’s specialist insurer and reinsurer with a particular focus in Property, Casualty, Marine and Aviation underwriting. The transaction signed on 13 February.

QIC is a publicly listed insurer with a market capitalisation in excess of US$ 2.9 billion; and an underwriting footprint across the Middle East, Africa and Asia. QIC is the market leader in Qatar and a dominant insurer in the GCC & MENA region. More >>

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Norton Rose Fulbright Advises J.P. Morgan and Bank of America Merill Lynch on Landmark EUR 900 Mln Polish Telecom High-yield Bond Offering

Global legal practice Norton Rose Fulbright has advised J.P. Morgan and Bank of America Merill Lynch as global coordinators on EUR 900 million high-yield bond offering of P4 Sp. z o.o. (Polish Mobile Network Operator MNO operating under the ”PLAY” brand). The funds raised were used for refinancing PLAY’s existing funding arrangements and distribution to PLAY’s shareholders. The debt offering comprised EUR 600 million fixed rate senior secured notes due in 2019, PLN 130 million (EUR 30 million) floating rate senior secured notes due in 2019 and EUR 270 million fixed rate senior notes due in 2019.

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Simpson Thacher Represents Initial Purchasers in $425 Million Notes Offering by Westmoreland Coal Company

The Firm recently represented BMO Capital Markets and Deutsche Bank Securities in connection with the 144A and Regulation S offering of $425 million aggregate principal amount of 10.75% Senior Secured Notes issued by Westmoreland Escrow Corporation, a wholly owned subsidiary of Westmoreland Coal Company (“Westmoreland”).

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Clifford Chance advises Shell on the sale of its Retail, Supply & Distribution, Logistics and Aviation businesses in Italy to Kuwait Petroleum International

Clifford Chance advises Shell on the sale of its Retail, Supply & Distribution, Logistics and Aviation businesses in Italy to Kuwait Petroleum International

Leading international law firm Clifford Chance announces it has advised Shell on an agreement in the sale of shares in the companies containing the Retail, Supply & Distribution, Logistics and Aviation businesses in Italy to the affiliates of Kuwait Petroleum International. Shell’s retail network includes over 830 retail sites and under the agreement it will be re-branded to Q8. The sale is subject to regulatory approval and is expected to complete in 2014.

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Cravath Advises Zale Corporation’s $1.4 Billion Acquisition by Signet Jewelers

On February 19, 2014, Signet Jewelers Limited, the largest specialty retail jeweler in the U.S. and the UK, and Zale Corporation, a leading specialty retailer of fine jewelry in North America, announced that they have entered into a definitive agreement for Signet to acquire all of the issued and outstanding stock of Zale for $21.00 per share in cash consideration, representing an enterprise value of approximately US$1.4 billion. Cravath represented Zale in connection with this transaction, which is subject to Zale stockholder approval, certain regulatory approvals and customary closing conditions.

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Dentons advises syndicate of Polish Banks on PLN 495 million (approx. US$162 million) multipurpose financing to Inter Cars S.A.

Dentons acted as legal counsel to Bank Polska Kasa Opieki S.A., Bank Handlowy w Warszawie S.A., BRE Bank S.A., ING Bank Śląski S.A. on the PLN 495 million (approx. US$162 million) multipurpose financing to Inter Cars S.A., the biggest automotive spare parts distributor for passenger cars, commercial vehicles and trucks in Middle-Eastern Europe.

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Eversheds advises Flybe Group plc on £150 million equity fundraising

Global law firm Eversheds has advised Flybe Group plc (“Flybe”), a company listed on the main market of the London Stock Exchange, on raising £150 million by way of a Firm Placing and Placing and Open Offer.

Flybe is Europe’s largest independent regional airline and the proceeds of the fundraising will be used to build resilience within the business and to drive profitable growth.

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Peugeot Reaches $4.1 Billion Deal with Dongfeng and France

Orrick is advising FFP and its controlling company, Etablissements Peugeot Frères (“EPF”), the holding company of the Peugeot family, in a $4.1 billion capital investment in Peugeot SA, one of the world’s oldest car makers. Dongfeng Motor Group Company Limited, Peugeot’s historical manufacturing and sales partner in China (“Dongfeng”) and the French State will each contribute $1.1 billion to Peugeot, with the remaining balance being raised by Peugeot in a rights offering. Existing shareholders will also receive free warrants entitling them to subscribe to new shares in the company. FFP/EPF, Dongfeng and the French State will each own a matching 14 percent equity interest in the company at completion.

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Weil Advises Signet Jewelers in $1.4B Acquisition of Zale

A Weil team is advising Signet Jewelers Limited, the largest specialty retail jeweler in the US and the UK, in the company’s $1.4 billion acquisition of Zale Corporation, a leading specialty retailer of fine jewelry in North America. The transaction is subject to stockholder approval, certain regulatory approvals and customary closing conditions. More >>

Tags:  Weil, Gotshal & Manges, LLP