Cahill represented NBCUniversal in its agreement with the International Olympic Committee that extends the network’s exclusive broadcast rights for the Olympic Games to include the upcoming 2022 to 2032 games, whose sites have yet to be chosen. Announced in Lausanne, Switzerland yesterday, NBC and the International Olympic Committee have agreed upon a deal valued at $7.75 billion, including a $100 million signing bonus to be used for certain Olympic Games promotions between 2015 and 2020. The broadcast rights include all media platforms, including free-to-air television, subscription television, Internet and mobile, and extends NBCUniversal’s streak of having broadcast every Summer Games since 1988 and every Winter Games since 2002.

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The international law firm Clifford Chance advised Parquest Capital, formerly ING Parcom Private Equity, subsidiary of Parcom Capital (ING Group) dedicated to investment in SMEs, on the process of becoming independent and in the creation of a new €300 million fund. More >>

Day Pitney represented Valley National Bancorp in its $312 million acquisition of 1st United Bancorp of Florida.

The transaction, which was announced on Thursday, includes the acquisition of 1^st United Bank’s approximately $1.7 billion in assets, $1.2 billion in loans and $1.4 billion in deposits. The Florida-based bank has 21 branches located in the “most attractive urban banking markets in Florida,” according to the two companies’ joint press release. More >>

Herbert Smith Freehills has advised the United Spirits Group (USL) in relation to its £430 million sale of Whyte & Mackay Group Limited (Whyte & Mackay) to Emperador UK Limited, a subsidiary of Emperador Inc., the leading Philippines based integrated manufacturer and distributor of brandy and other alcoholic beverages. The deal was signed and announced on 9 May 2014.

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The new bank debt facilities comprise secured syndicated bank debt and bilateral facilities which range from a three to five year maturity. The facilities were self-arranged by Sydney Airport and raised over a very tight timeframe, with Sydney Airport taking advantage of favourable market conditions to achieve more competitively priced debt. The debt raising also demonstrated the strong support Sydney Airport continues to receive from domestic and international banks.

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Kirkland & Ellis LLP advised Akorn, Inc. (Nasdaq: AKRX) on its definitive agreement to acquire VPI Holdings Corp., the parent company of VersaPharm Incorporated, for $440 million in cash. More >>

Appleby acted as Bermuda counsel to CITIC 21CN Company Limited (the Company) on Alibaba Holding’s subscription of approximately 4.4 billion ordinary shares of the Company, through its wholly-owned subsidiary Perfect Advance Holding Limited (the Investor). After the subscription, the Investor (together with parties acting in concert with it) holds approximately 54% of the enlarged issued share capital of the Company. Net proceeds of approximately HK$1.32 billion from the subscription will be used for future expansion and/or acquisition opportunities.

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National CineMedia, Inc., managing member of in-theatre digital network operator National CineMedia, LLC, announced this week that it has entered into a definitive merger agreement with cinema advertising company Screenvision, for $375 million of cash and stock on a debt free, cash free basis. The merger will create a higher quality and more competitive video advertising network benefiting advertisers and theatre circuits alike.

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Latham & Watkins advised Emirates Telecommunications Corporation (“Etisalat”) –as guarantor– and White Falcon Finance Company Limited –as borrower– on a €3.15 billion multicurrency loan facility which will be used to acquire Vivendi SA’s 53% stake in Maroc Telecom.

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Shearman & Sterling advised Piraeus Bank S.A.—the largest financial group in Greece by assets, loans, and deposits—on its €1.75 billion equity offering led by Credit Suisse, Deutsche Bank and Goldman Sachs as joint global coordinators.

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