Cravath represented INEOS Group Holdings S.A. in connection with its €600 million and US$590 million 144A/Reg. S high‑yield senior debt offering, guaranteed by INEOS Luxembourg S.A., INEOS Holdings Limited and certain of their subsidiaries. INEOS is one of the world’s largest chemical companies and has highly integrated, world‑class chemical facilities and production technologies. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on February 18, 2014.
Edwards Wildman Advises the Shareholders of GTS on Its Sale to Deutsche Telekom for a Total Consideration of €546 Million
Edwards Wildman have advised GTS, on the completion of its sale to Deutsche Telekom, for a total consideration of €546 million. GTS are one of the top infrastructure-based telecommunications service providers in South East and Eastern Europe. They are currently owned by a consortium of international private equity firms, which includes Bessemer Venture Partners, Columbia Capital, HarbourVest Partners, Innova Capital, MC Partners and Oak Investment Partners.
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Eversheds advises Aimia on Canadian expansion deal
Law firm Eversheds has advised the shareholders of Aimia Foods (Holdings) Limited (“Aimia”) on the sale of the entire share capital of Aimia to Cott Ventures Limited, a subsidiary of Cott Corporation .
The purchase price includes the payment of approximately USD$79 million at closing, $33 million in deferred payments in September 2014, and on target earnout consideration of USD $21 million, with a minimum earnout consideration of USD $14 million and a maximum earnout consideration of USD$28 million.
Tags: Eversheds Sutherland
Haynes and Boone Advises GeoMet in Sale of $107 Million of Appalachian Coalbed Methane Properties
Haynes and Boone, LLP advised GeoMet, Inc., an independent energy company, in the sale of substantially all of its coalbed methane interests and other assets located in the Appalachian Basin to ARP Mountaineer Productions, LLC, a wholly-owned subsidiary of Atlas Resource Partners, L.P.
Tags: Haynes and Boone, LLP Ungaretti & Harris Represents Pack Pharmaceuticals in $100 Million Sale to ACETO Corporation
Cahill Represents Underwriters in $852 Million Activision Blizzard Common Stock Offering
Cahill represented Barclays and Credit Suisse as joint book-running managers in connection with the public offering of 41,499,689 shares of Common Stock of Activision Blizzard, Inc. (NASDAQ: ATVI), resulting in gross proceeds of $852,403,612. The selling stockholder, Vivendi SA, received all of the proceeds of the sale.
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Davis Polk Advises Tyson Foods on Its Proposal to Acquire Hillshire Brands
Davis Polk is advising Tyson Foods, Inc. on its $6.8 billion proposal to acquire The Hillshire Brands Company. The proposal is subject to the termination of Hillshire’s merger agreement with Pinnacle Foods Inc.
Tags: Davis Polk & Wardwell LLP
PetroLogistics’ $2.1 Billion Acquisition by Flint Hills Resources
PetroLogistics LP announced that it has entered into a definitive agreement to be acquired by Flint Hills Resources, LLC, a subsidiary of Koch Industries, Inc., in an all‑cash transaction valued at approximately $2.1 billion, including the assumption of debt.
Tags: Cravath, Swaine & Moore LLP
Goodwin Procter Advises SiTV in $226 Million Acquisition of Fuse Network
Goodwin Procter recently advised SiTV Media, Inc., parent company of NUVOtv, in its announced acquisition of Fuse network from The Madison Square Garden Company (MSG). According to the terms of the transaction, MSG will receive $226 million in cash, as well as a 15% equity stake in the combined company, subject to performance goals. The transaction, expected to close in MSG’s fiscal first quarter in 2015, is subject to regulatory approval. Additional terms of the transaction were not disclosed.
Tags: Goodwin Procter LLPAmerican Realty Capital Properties Nets $1.59 Billion in Follow-On Offering
Global law firm Proskauer advised American Realty Capital Properties, Inc. (NASDAQ: ARCP) in its follow-on offering of 120 million shares of its common stock at $12 per share, with the underwriters exercising their option for another 18 million shares at the same price. The net proceeds totaled approximately $1.59 billion. ARCP intends to use the net proceeds of the offering to repay outstanding indebtedness under its existing credit facility and for other general corporate purposes. Upon information, this was the third largest equity offering ever completed by a REIT.
