Addleshaw Goddard acts on £200m joint venture for Mount Anvil

Addleshaw Goddard has advised Mount Anvil, central London’s specialist residential property developer, on a £200 million partnership with leading global alternative asset manager Ares Management to purchase new sites and build more, much-needed homes in Central London. The Pears Family has participated in the refinancing of certain of the existing Mount Anvil facilities.

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Cooley Advises Horizon Pharma on $660 Million Acquisition of Vidara Therapeutics

Cooley LLP announced today that it advised Horizon Pharma, Inc. on its acquisition of Dublin-based Vidara Therapeutics International Ltd. for stock and cash valued at approximately $660 million. The resulting company, which will be organized under the laws of Ireland, has a portfolio of four products marketed primarily in the US. The transaction is expected to close by mid-2014.

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Shearman & Sterling Advises the Initial Purchasers on Global Ship Lease, Inc.’s $420 Million Inaugural High Yield Bond Offering and Revolving Credit Facility

Shearman & Sterling advised Citigroup Global Markets Inc., BNP Paribas Securities Corp., Evercore Group LLC, Global Hunter Securities, LLC and Pareto Securities AS, as initial purchasers, in the inaugural High Yield notes offering by Global Ship Lease, Inc. (“Global Ship Lease”) $420 million 10.000% First Priority Secured Notes due 2019. The notes are guaranteed on a senior basis by Global Ship Lease Services Limited and each of Global Ship Lease’s 17 vessel-owning subsidiaries. Global Ship Lease intends to use the net proceeds of the offering, primarily to repay existing indebtedness, to terminate its existing interest rate swap agreements and for general corporate purposes.

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Goodwin Procter Advises Investor Consortium in Oculus’s $2 Billion Sale to Facebook

Goodwin Procter attorneys recently advised a consortium of venture investors in Oculus VR, Inc. in connection with the company’s approximately $2 billion sale to Facebook. The investor group included Andreessen Horowitz, Matrix Partners and Spark Capital. The transaction includes $400 million in cash and 23.1 million shares of common stock and is expected to close in the second quarter of 2014. Additional terms of the transaction were not disclosed.

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