The Firm is representing Hellman & Friedman LLC in connection with the announced acquisition of Applied Systems, Inc. by investment funds advised by Hellman & Friedman for $1.8 billion. Applied Systems is being acquired from Bain Capital, a global private investment firm. The transaction is subject to customary conditions to closing and is expected to be completed in early 2014.
Tags: Simpson Thacher & Bartlett LLP | New York
DLA Piper represented ACTIVE Network, a San Diego-based software company, in its $1.05 billion acquisition by Vista Equity Partners, the largest Internet leveraged buyout in 2013.
Tags: DLA Piper | San Francisco
Anderson Mori & Tomotsune is pleased to announce that we opened our Singapore Office on November 28, 2013.
Tags: Anderson Mori & Tomotsune | Singapore
Davis Polk advised Lloyds Bank plc, a public limited company incorporated in England, on its SEC-registered offering of $1 billion aggregate principal amount of 2.3% senior notes due 2018, fully and unconditionally guaranteed by Lloyds Banking Group plc. Goldman, Sachs & Co., J.P. Morgan Securities LLC, Lloyds Securities Inc., Morgan Stanley & Co. LLC and UBS Securities LLC acted as joint bookrunners and joint lead managers.
Tags: Davis Polk & Wardwell LLP
On November 21, German telecommunications giant Deutsche Telekom AG announced the signing of a definitive agreement to sell a 70 percent stake in Scout24 Holding GmbH, represented by Willkie, to San Francisco-based Hellman & Friedman LLC for €1.5 billion ($2 billion) in cash. Deutsche Telekom will retain a 30 percent stake in the company. The deal values Scout24 at approximately €2 billion. The partial sale of Scout24 is a cornerstone transaction for the online investment strategy pursued by Deutsche Telekom over the past decade. Under Deutsche Telekom’s ownership, Scout24 successfully developed Germany’s leading online classifieds business including the core ImmobilienScout24 and AutoScout24 franchises. Subject to regulatory approvals, the deal is expected to close in the first quart of 2014. Scout24 is one of Europe’s leading groups of companies for online market places. It’s six marketplaces are present in 24 countries.
Tags: Willkie Farr & Gallagher LLP | Germany
McGuireWoods LLP today announced that Barbara Spudis de Marigny has joined the firm’s tax practice as a partner in Houston. De Marigny brings more than 30 years of experience advising businesses on taxation of their operations, mergers and acquisitions, partnerships and joint ventures. She has extensive experience representing clients in the energy industry, including vertically-integrated majors, MLPs, and private equity investors in companies operating midstream, upstream or in the oilfield services sector.
Tags: McGuireWoods LLP | Houston
Covington & Burling advised the National Hockey League in negotiating its twelve-year, C$5.2 billion agreement with Rogers Communications for national broadcast and multimedia rights to NHL games, including the Stanley Cup Playoffs and the Stanley Cup Final, in Canada.
Tags: Covington & Burling LLP
Squire Sanders is pleased to announce that it has recruited to its Global Corporate Practice in Shanghai Dr. Benjamin Kroymann from Dentons. Dr. Kroymann, a German qualified attorney, joins Squire Sanders as a partner together with team members, Furong Ren, as Senior Consultant, and Leon Xu, as Consultant.
Tags: Squire Patton Boggs | GermanyDavis Polk advised Credit Suisse (Hong Kong) Limited, Morgan Stanley & Co. International plc, BOCI Asia Limited and CLSA Limited in their capacity as placing agents for the placement of 1,000,000,000 shares (the “Placing Shares”)in Goldpoly New Energy Holdings Limited (“Goldpoly”) for a total consideration of approximately HK$1.7 billion.
Tags: Davis Polk & Wardwell LLP | Hong Kong