Kramer Levin represented Perella Weinberg Partners Asset Based Value Strategy in its agreement to sell Flagship Rail Services, its Chicago-based rail car leasing business, to Sumitomo Mitsui Banking Corporation. The deal is valued at $1.1 billion.

More >>

In December 2013, a team of McGuireWoods corporate and securities attorneys, led by partner Stephen Older and associate Rakesh Gopalan, provided legal counsel to the underwriters in connection with the registered public offering and settlement of $690 million of two series of convertible senior notes of American Realty Capital Properties, Inc. (ARCP), a publicly traded NASDAQ-listed real estate investment trust (REIT) with a market capitalization of $2.4 billion. Barclays Capital Inc. and Citigroup Global Markets, Inc. served as the lead underwriters for the syndicate, which consisted of Credit Suisse (USA) LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Capital One Securities, Inc. and JMP Securities LLC. Associates David Wolpa, Lindsay Schall and Alex Scharyj also provided assistance with this transaction.

More >>

International law firm Milbank, Tweed, Hadley & McCloy is representing Nomura, Morgan Stanley and Banco Bilbao Vizcaya Argentaria SA as lead arrangers for a senior unsecured bridge loan for Grifols S.A., a multinational public healthcare company. As a leading producer of plasma medicines, Grifols has a presence in more than 100 countries and is the world leader in plasma collection, with 150 plasma donation centers across the U.S.  The company is headquartered in Barcelona, Spain and employs more than 11,000 people worldwide. In 2012, Grifols’ sales exceeded 2,620 million euros.

More >>

On December 11, 2013, the Board of Directors of UNS Energy Corporation (NYSE: UNS) unanimously approved a definitive merger agreement with Fortis, Inc. (TSX: FTS), Canada’s largest investor-owned gas and electric distribution utility, that calls for Fortis to acquire all of the outstanding common stock of UNS Energy for $60.25 per share in cash.

More >>

International law firm Clifford Chance advised Goldman Sachs International on the origination and securitisation of a €363,000,000 commercial real estate loan secured over a portfolio of shopping centres and retail parks in Italy.

More >>

Westhouse is the parent company of Westhouse Securities Limited, an FCA-regulated stockbroking company with particular expertise in growth companies, mining, oil and gas, insurance, media and investment funds. Somers is an investment holding company specialising in the financial services sector with a capital base in excess of $200m and assets under administration of $6.5bn.

More >>

Matthew S. Axelrod, one of the highest-ranking career officials in the U.S. Department of Justice (DOJ) and an experienced federal prosecutor, will join Cohen Milstein Sellers & Toll PLLC, a pioneer in plaintiff class action lawsuits, as Partner.  He will begin work in the firm’s Washington, D.C., office on January 6, 2014.

Axelrod worked at DOJ for more than decade, rising from the position of line prosecutor to senior official at DOJ headquarters.  Most recently, Axelrod served as Associate Deputy Attorney General in the Office of the Deputy Attorney General, where he advised the Deputy Attorney General and Attorney General on DOJ’s most significant white collar criminal matters and False Claims Act investigations, and oversaw the work of DOJ’s Criminal Division, Tax Division, FBI, ATF, and U.S. Attorneys’ Offices.  He was also responsible for managing DOJ’s efforts to combat healthcare fraud, and served as DOJ’s primary liaison to the U.S. Department of Health and Human Services on healthcare fraud matters.

More >>

Yesterday, Bankruptcy Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York confirmed the Joint Chapter 11 Plan proposed by Residential Capital (“ResCap”) and the Creditors’ Committee. Confirmation of the Plan brought the largest chapter 11 case filed in 2012 to a successful conclusion after only 19 months.

More >>

Paul Hastings LLP, a leading global law firm, announced today that it represented Bank of America, N.A. as administrative agent, lead arranger and bookrunner in connection with a $300 million reserve-based revolving credit facility and Citibank, N.A. as administrative agent, lead arranger and bookrunner in connection with a $700 million term loan credit facility, and Barclays Bank PLC, Morgan Stanley Senior Funding, Inc., Natixis, New York Branch, as joint lead arrangers and joint bookrunners in connection with such credit facilities. The proceeds were used to partially finance Templar Energy’s acquisition of Forest Oil Corporation and Forest Oil Permian Corporation.

More >>

Shearman & Sterling advised the arrangers and initial purchasers in connection with Alliant Techsystems Inc.’s $1.96 billion senior secured credit facility (consisting of a new term loan A facility in an aggregate amount of $1.01 billion, a new term loan B facility in an aggregate amount of $250 million and a new revolving credit facility in an aggregate principal amount of $700 million) and offering of $300 million of its 5.25% Senior Notes due 2021. The proceeds were used to finance the acquisition by Alliant Techsystems Inc. of Bushnell Group Holdings, Inc. and to pay related fees and expenses.

More >>