Cahill represented the joint book-running managers and the co-managers in connection with the Rule 144A offering of $1,300,000,000 aggregate principal amount of 6.625% Senior Notes due 2022 by Crimson Merger Sub, Inc. to be merged with and into Ortho-Clinical Diagnostics, Inc. upon consummation of the acquisition of Ortho-Clinical Diagnostics by The Carlyle Group from Johnson & Johnson. Proceeds from the offering were deposited into escrow pending closing of the acquisition. More >>
Tags: Cahill Gordon & Reindel LLP
Herbert Smith Freehills has advised the shareholders of Omer Telecom Ltd (parent company of Omea Telecom SAS which operates Virgin Mobile in France): Carphone Warehouse, Virgin and Financom (holding company of Geoffroy Roux de Bézieux, CEO of Omer Telecom Ltd), on the offer for 100% of the French mobile group Virgin Mobile France, made by Altice’s subsidiary, Numericable Group, for an enterprise value of €325m.
Tags: Herbert Smith Freehills Kramer LLP
A team of lawyers from K&L Gates LLP has advised NEC Corporation on its acquisition of the electric grid storage division of electric battery maker A123 Energy Systems LLC. A123 was acquired by Wanxiang American Corporation last year in a 363 bankruptcy sale. In connection with the acquisition in the U.S., Wanxiang and NEC will enter into a joint venture to develop an electric grid storage business in the People’s Republic of China, with A123 retaining its automotive battery business. More >>
Tags: K&L Gates LLP
King & Spalding has recruited Drew G.L. Chapman as a partner in the financial institutions practice in its New York office. Chapman joins King & Spalding from WilmerHale, where he was head of the alternative investment group. Chapman is the seventh financial institutions partner the firm has added in the past eight months.
Tags: King & Spalding LLP | New York
Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to welcome Jonathan Bloch as a corporate partner in its Los Angeles office. Formerly of Manatt, Bloch’s law practice focuses on the needs of large institutional investors, including venture capital and private equity. He counsels clients in fund formation, operations, and legal and regulatory compliance. He has participated in raising capital for real estate, hospitality, technology and telecommunication companies, manufacturing facilities and Internet distribution centers.
Tags: Jeffer Mangels & Mitchell LLP | Los Angeles
Ballard Spahr has significantly expanded its Phoenix office with the addition of prominent litigators known for their work in media and constitutional law, complex commercial litigation, and bankruptcy, firm Chair Mark Stewart announced. Joining the firm today as partners are David J. Bodney, a nationally recognized First Amendment litigator who will lead the firm’s Media Law Group, and Craig Solomon Ganz, who handles corporate restructuring, complex commercial litigation, and bankruptcy issues. Joining the firm as of counsel is Chris Moeser, who also practices media and constitutional law.
Tags: Ballard Spahr LLP | Phoenix
Cooley LLP announced today that it advised longtime client Norwest Venture Partners on the formation of its latest fund, Norwest Venture Partners XII, LP. The $1.2 billion fund targets early to late stage venture and growth equity investments across a wide range of sectors. The new fund brings NVP’s total capital and commitments to approximately $5 billion.
Tags: Cooley LLPDavis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and Morgan Stanley & Co. LLC as joint book-running managers on an SEC-registered offering by Celgene Corporation of $500 million aggregate principal amount of its 2.250% senior notes due 2019, $1 billion aggregate principal amount of its 3.625% senior notes due 2024 and $1 billion aggregate principal amount of its 4.625% senior notes due 2044.
Kirkland represented Golden Gate Capital in its agreement announced today to acquire the Red Lobster restaurant chain from Darden Restaurants, Inc. (NYSE: DRI) for $2.1 billion in cash. The deal is expected to close in the first fiscal quarter of 2015. In connection with the transaction, Golden Gate also entered into an approximately $1.5 billion sale-leaseback transaction with American Realty Capital Properties, Inc. (NASDAQ: ARCP) for more than 500 Red Lobster restaurant properties. The sale-leaseback transaction will be consummated in conjunction with Golden Gate’s acquisition of Red Lobster from Darden. More >>
Tags: Kirkland & Ellis LLP