The Firm represented Barclays Bank PLC, BNP Paribas, HSBC Bank plc, Credit Suisse Securities (Europe) Limited, Morgan Stanley & Co. International plc, Wells Fargo Securities, LLC and other underwriters in connection with a €1.5 billion offering of debt securities by Wal-Mart Stores, Inc.
Tags: Simpson Thacher & Bartlett LLPAs widely reported in the international press, French media giant Vivendi SA has selected cable group Numericable as potential acquirer for its mobile phone unit SFR in what could be one of the biggest financing deals in Europe this year. The proposal is supported by Luxemburg investment fund Altice, Numericable’s largest shareholder (40 percent). Altice is the investment vehicle of French billionaire/entrepreneur Patrick Drahi. Vivendi preferred its offer over a rival bid by Bouygues, the owner of Bouygues Telecom, the third-largest mobile service provider in France, after Orange and SFR.
Global law firm Eversheds has advised property developer Urban Splash on a £135m refinancing deal and a new joint venture agreement with The Pears Group.
Urban Splash, working in partnership with The Pears Group, has agreed to refinance ￡135m of its remaining debt from the RBS, CoOp, HSBC and Blackstone and formed a new joint venture with Pears.
Tags: Eversheds Sutherland
A cross-practice Ropes & Gray team advised Bain Capital-backed Summit Partners on its $550 million investment in ABILITY Network Inc., a leading provider of web-based workflow solutions for health care providers. The transaction, which was announced April 7, is subject to regulatory approvals.
Tags: Ropes & Gray LLP
Kirkland & Ellis represented Vision Knight Capital, a leading independent Chinese private equity firm, which recently closed its second private equity fund Vision Knight Capital China Fund II. The fund closed at its hard cap with aggregate capital commitments of US$550 million. The fund, which will make investments in China’s retail and consumer internet and e-commerce sectors, accepted commitments from a broad mix of global institutional investors, including sovereign wealth funds, pension plans, endowments and foundations, diversified financial institutions and family offices. More >>
Tags: Kirkland & Ellis LLPThe Firm represented SeaWorld Entertainment, Inc. (“SeaWorld Entertainment”), a portfolio company of The Blackstone Group L.P. (“Blackstone”), and certain selling stockholders affiliated with Blackstone (the “Selling Stockholders”), in connection with a public offering of common stock by the Selling Stockholders. Concurrently with the closing of the offering, SeaWorld Entertainment repurchased 1,750,000 shares of its common stock directly from the Selling Stockholders in a private, non-underwritten transaction at a price per share equal to the price per share paid to the Selling Stockholders by the underwriters in the offering. SeaWorld Entertainment is a leading theme park and entertainment company with a diversified portfolio of 11 destination and regional theme parks in the United States, many of which showcase its one-of-a-kind collection of approximately 86,000 marine and terrestrial animals.
Tags: Simpson Thacher & Bartlett LLP
Appleby acted as British Virgin Islands counsel to mandated lead arrangers (MLAs) and bookrunners in providing a HK$1.8 billion secured syndicated term loan and revolving credit facility to Fortune Real Estate Investment Trust (Fortune REIT) involving a BVI borrower and several BVI security providers. The MLAs and bookrunners included Australia and New Zealand Banking Group Limited, Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited and Sumitomo Mitsui Banking Corporation.
Tags: Appleby