Legal & General has secured a portfolio of over 4,000 housing units, let to Places for People Homes on a new 50 year lease, as it continues to grow its role in supporting the UK’s housing needs. Places for People Homes will use the new finance from L&G’s investment to expand the housing stock in the UK by building 7,000 new housing units over the next seven years. The new housing stock will include affordable, private rented sector and owner-occupier accommodation.

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Simpson Thacher recently represented Tesoro Corporation in its issuance and sale of $300,000,000 aggregate principal amount of 5.125% Senior Notes due 2024. Tesoro will use the proceeds from the offering, together with cash on hand, to fund the redemption of its 9.750% Senior Notes due 2019 and to pay any fees and expenses related to the offering.

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A team of Akin Gump attorneys is advising Duff & Phelps LLC as joint financial advisor to the Special Committee of Giant Interactive Group, one of China’s leading online game developers and operators, as it enters into a definitive Agreement and Plan of Merger with Giant Investment Ltd. and Giant Merger Limited. The transaction values the company at $3 billion and will take it private.

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Olshan client Quinpario Acquisition Corp. (Nasdaq:QPAC) (Nasdaq:QPACU) (Nasdaq:QPACW) today announced it has reached a definitive agreement to acquire Jason Incorporated from Saw Mill Capital LLC, Falcon Investment Advisors, LLC and other investors. The purchase price of $538.65 million will be funded by the cash proceeds from QPAC’s initial public offering, new debt and rollover equity invested by the current owners and management of Jason.
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Paul Hastings LLP, a leading global law firm, represented Credito Real, a Mexico-based consumer lender, in connection with its international issuance of high-yield debt securities. The offering was underwritten by Barclays, Bank of America Merrill Lynch and Credit Suisse and involved the initial issuance of $350 million of 7.500% Senior Notes due 2019 (“new notes”) pursuant to Rule 144A and Regulation S, which was shortly followed by an additional issuance of $75 million of new notes pursuant to a reopening due to high investor demand. The initial offering was said to be more than four times oversubscribed and is the first high-yield bond offering out of Mexico this year. More >>

DLA Piper has announced its involvement in the IPO of online fashion retailer boohoo.com

The Manchester team who acted for boohoo.com plc provided advice to the company on its flotation and placing of new shares on AIM.

boohoo.com, which is based in Manchester is to place 600 million new ordinary shares at 50 pence per share, giving the business a market capitalisation of approximately £560m. Existing shareholders will retain a further 44% of boohoo’s shares.

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The firm represented TCV in raising its Fund VIII with approximately $2.23 billion in capital commitments.  Based in Silicon Valley, TCV invests in high-growth technology companies across North America and Europe.  With nearly 20 years of experience backing market leading technology companies in the internet, business and financial services, infrastructure and software markets, TCV is widely recognized as one of the leading firms helping innovative firms and their management teams achieve success.

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