Paul Hastings Advises OpenGate Capital in Connection with the Acquisition of Kem One

Paul Hastings LLP, a leading global law firm, has advised OpenGate Capital in connection with the acquisition of Kem One SAS, second largest European manufacturer of PVCs, together with the industrial investor, Alain de Krassny. The reorganization plan of Kem One SAS was approved on Friday, 20 December by an Order of the Tribunal de Commerce (Commercial Court) of Lyon, after months of negotiations with Groupe Kem One’s principal business partners and support from the French Government to preserve the continued viability of the French petrochemical industry.

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Simpson Thacher Represents the Underwriters in $750 Million Debt Offering by Berkshire Hathaway Finance Corporation

The Firm represented BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities in the public offering of $750 million of debt securities of Berkshire Hathaway Finance Corporation (“BHFC”), which will be guaranteed by Berkshire Hathaway Inc. (“Berkshire”), consisting of $650,000,000 of Floating Rate Senior Notes due 2017 and an additional $100,000,000 of its previously issued 2.000% Senior Notes due 2018.

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Simpson Thacher Represents Northwood in Raising $825 Million of Additional Capital for Evergreen Real Estate Private Equity Fund

Simpson Thacher represented Northwood Investors LLC (“Northwood”) in its fourth offering of interests in Northwood Real Estate Partners LP and its related funds, which are private equity funds focused on investing in a wide range of real estate assets worldwide.  The funds closed on approximately $825 million of capital commitments during a 90-day period that ended in December 2013, bringing total capital commitments raised to approximately $3.6 billion.  The funds’ capital commitments may grow over time as the result of a unique Evergreen feature that allows the funds to reinvest investment proceeds, subject to certain limitations.

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Shearman & Sterling Advising City Office REIT in its Proposed Initial Public Offering

Shearman & Sterling is advising City Office REIT in its proposed $115 million initial public offering of common stock to be listed on the New York Stock Exchange. City Office REIT Inc., a newly organized corporation formed to acquire, own and operate high-quality office properties located within the United States, is sponsored by Canadian private equity firm Second City Capital Partners, a multi-fund private equity firm that invests in real estate and conventional private equity.

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Ropes & Gray Advises Aptalis and TPG in $2.9 Billion Cash Sale

Ropes & Gray advised Aptalis, a privately held specialty pharmaceutical company, in its definitive agreement to be acquired by Forest Laboratories, Inc., also a specialty pharmaceutical company. Forest Laboratories has agreed to acquire Aptalis for $2.9 billion in cash from its shareholders, including TPG, a global private investment firm.

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