Paul Hastings Represents Underwriters in Poly Cultural Group’s US$331 Million H-share Listing

Thursday, March 6, 2014

Paul Hastings, a leading global law firm, announced today that the firm represented CITIC Securities Corporate Finance (HK) Limited as the sole sponsor and CLSA Limited as the sole global coordinator, bookrunner and lead manager in Poly Cultural Group Corporation Limited’s (“Poly Cultural Group”) US$331 million global offering and listing of its H-shares on the Main Board of the Hong Kong Stock Exchange. More >>

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Clifford Chance Advises Carlyle on Acquisition of ADT Korea from Tyco for US$1.93 Billion

Wednesday, March 5, 2014
Leading international law firm Clifford Chance is advising The Carlyle Group on its acquisition of Tyco Fire & Security Services Korea Co. Ltd. and its subsidiaries (ADT Caps Co., Ltd., Capstec Co., Ltd. and ADT Security Co., Ltd.) that form and operate the company’s Korean security business (“ADT Korea”), from US-listed Tyco, the world’s largest pure-play fire protection and security company, for approximately US$1.93 billion. The transaction is the largest private equity buyout deal in US dollar value in Korea since 2008 and subject to regulatory approval, is expected to close in the second quarter of 2014.

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Paul Hastings Advises J.P. Morgan as Depositary Bank on Fast Retailing’s HDR Listing

Wednesday, March 5, 2014

Paul Hastings, a leading global law firm, announced today that the firm advised JPMorgan Chase Bank, N.A. as the depositary bank on Fast Retailing Co., Ltd.’s (“Fast Retailing”) secondary listing of Hong Kong depositary receipts (“HDRs”) on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) by way of introduction. Morgan Stanley Asia Limited acted as the sole sponsor. More >>

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Shearman & Sterling Advises Genmab A/S in Connection with $180 Million Private Placement

Wednesday, March 5, 2014
Shearman & Sterling represented Genmab A/S in connection with an underwritten private placement of 4,600,000 of its ordinary shares for aggregate gross proceeds of $180 million. The private placement included sales to institutional investors in Denmark and internationally. Jefferies International Limited and Kempen & Co N.V. acted as co-managers for the private placement. The proceeds from the private placement will be used to further develop Genmab’s clinical and pre-clinical pipeline.

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Shearman & Sterling Advises Jaguar Land Rover on its First Tender Offers

Tuesday, March 4, 2014
Shearman & Sterling has advised Jaguar Land Rover Automotive plc on the tender offers for its £500 million Notes due 2018 (the “Sterling Tender Offer”) and $410 million Notes due 2018 (the “Dollar Tender Offer”), which were among the first high yield bonds issued by the company as part of its £1 billion equivalent fixed rate high yield bond offering in May 2011.

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Firm Represents Underwriters in €1.75 Billion Debt Offering by Philip Morris International Inc.

Tuesday, March 4, 2014

The Firm represented the underwriters, led by BNP Paribas, Deutsche Bank AG, London Branch, Goldman, Sachs & Co. and Société Générale as joint book-running managers, in connection with an offering by Philip Morris International Inc. of €750 million of 1.875% Notes due 2021 and €1 billion of 2.875% Notes due 2026. The notes were sold in a public offering and will be listed for trading on the New York Stock Exchange.

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