The Firm represented ARAMARK Holdings Corporation (“Aramark”) in connection with its $834 million initial public offering, consisting of a sale by Aramark and certain selling stockholders of 41,687,500 shares of common stock (including shares sold pursuant to the underwriters’ full exercise of their over-allotment option) at a public offering price of $20.00 per share. Aramark’s common stock began trading on the New York Stock Exchange under the ticker symbol “ARMK” on December 12, 2013.
Tags: Simpson Thacher & Bartlett LLPShearman & Sterling Advises CVS Caremark Corporation on $4 Billion Bond Offering
Shearman & Sterling represented CVS Caremark Corporation in connection with its $4 billion bond offering consisting of a $750 million issue of its 1.20% Senior Notes due 2016, $1.25 billion issue of its 2.25% Senior Notes due 2018, $1.25 billion issue of its 4.00% Senior Notes due 2023, and $750 million issue of its 5.30% Senior Notes due 2043.
Tags: Shearman & Sterling LLPKirkland & Ellis Reps Valassis in $1.84B Acquisition by Harland Clarke
Kirkland & Ellis LLP represents Valassis (NYSE: VCI), a leader in intelligent media delivery, in its agreement to be acquired by Harland Clarke Holdings Corp., a leading provider of best-in-class integrated payment solutions and marketing services. The transaction is valued at approximately $1.84 billion. The transaction, which was unanimously approved by both the Valassis and Harland Clarke Holdings Boards of Directors, will be effected through a tender offer by a subsidiary of Harland Clarke Holdings for all of the shares of Valassis, followed by a merger of the acquisition subsidiary with and into Valassis. Valassis will become a privately-held, wholly owned subsidiary of Harland Clarke Holdings and its common stock will cease trading on the NYSE.
Tags: Kirkland & Ellis LLPChoate’s M&A Work for Mobile Payment Innovator Shore up $800 Million Sale to eBay
Choate represented Braintree Payment Solutions, LLC, an innovative online and mobile payments platform, in its sale to eBay Inc. for $800 million. Braintree’s platform powers the payment systems for trailblazing businesses such as Airbnb, Fab, LivingSocial, OpenTable, TaskRabbit and Uber.
Gilbert + Tobin strengthens national Energy and Resources Practice
Justin has extensive experience in energy and resources law, advising clients on commercial and resources transactions across the mining and oil and gas industries. His expertise includes advising Australian publicly listed mining and resources companies on private M&A transactions, equity capital fundraising and general ASX compliance and regulatory matters.
Tags: Gilbert, LLPCadwalader Advises Elan Corporation, plc in US$8.6 billion sale to Perrigo Company plc
Cadwalader, Wickersham & Taft LLP, one of the world’s leading legal advisors to corporations and financial institutions, announced today that it has advised Elan Corporation, plc on the completion of its sale to Perrigo Company plc. Perrigo has completed the acquisition of Elan in a cash and stock transaction valued on the date of the announcement at approximately US$8.6 billion. In connection with the acquisition, Perrigo and Elan have been combined under a new company incorporated in Ireland and have adopted the global name Perrigo Company plc.
Tags: Cadwalader, Wickersham & Taft LLPBayer to Acquire Algeta
Skadden is representing Algeta ASA, a Norwegian pharmaceutical company specializing in cancer therapies, in its $2.9 billion acquisition by Aviator Acquisition AS, a subsidiary of Bayer Nordic SE, announced on December 19.
Tags: Skadden, Arps, Slate, Meagher & Flom LLPWeil Advises AMC Entertainment Holdings in its IPO
A Weil team is advising AMC Entertainment Holdings (AMC), the second-largest theater chain in North America, in its initial public offering and listing on the New York Stock Exchange. The offering marks the company’s return to the stock markets for the first time in nine years. The issue is comprised of 18,421,053 million shares of Class A common stock that was priced at $18 on December 17, 2013, setting the aggregate value of the offering at approximately $331.5 million. The IPO is expected to close on December 23, 2013.
Tags: Weil, Gotshal & Manges, LLPShearman & Sterling Advises Lead Arrangers on $2.2 Billion Financing for Acquisition of Molex
Shearman & Sterling advised J.P. Morgan Securities LLC, RBS Securities Inc., Merrill Lynch, Pierce Fenner & Smith Incorporated, Standard Chartered Bank and Wells Fargo Securities as joint lead arrangers and joint bookmanagers in connection with a $2.26 billion five-year senior secured revolving credit facility related to the acquisition of Molex Incorporated by a company controlled by Koch Holdings LLC.
Tags: Shearman & Sterling LLPSimpson Thacher Represents KKR & Co. L.P. in Announced $2.6 Billion Merger with KKR Financial Holdings LLC
The Firm is representing KKR & Co. L.P. (NYSE: KKR) in connection with the signing of a definitive merger agreement where KKR will acquire KKR Financial Holdings LLC (NYSE: KFN), a specialty finance company, through a stock-for-stock merger that values KFN at $2.6 billion. The transaction is subject to customary regulatory approvals and other customary closing conditions, including approval by KFN’s shareholders. Upon closing of the transaction, which is expected in the first half of 2014, KFN will become a subsidiary of KKR.
Tags: Simpson Thacher & Bartlett LLP