Simpson Thacher is representing JPMorgan Chase & Co. (NYSE: JPM) in connection with the announced sale of its physical commodities business to Mercuria Energy Group Limited, a global energy and commodities trading company, for $3.5 billion. The all-cash transaction is expected to close in the third quarter of 2014, subject to regulatory approvals.

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Clifford Chance advised the joint lead managers on the bond issue of Aareal Bank AG, Wiesbaden, with a volume of EUR 300 million.

The bond consists of Subordinated Callable Fixed Rate Reset Notes with scheduled maturity in March 2026.

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Davis Polk advised Tango on a $280 million round of financing led by the Alibaba Group at $215 million, with the additional $65 million coming from some of Tango’s prior investors.

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International law firm Freshfields Bruckhaus Deringer has advised Hong Kong conglomerate Hutchison Whampoa on the establishment of a strategic alliance between its subsidiary A.S. Watson Holdings (AS Watson) and Temasek.

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Canadian private equity firm Onex Corporation (TSX; OCX) today announced that it has signed a definitive agreement to sell The Warranty Group, Inc., a leading global provider of warranty solutions and related programs, to private equity firm TPG for an enterprise value of approximately $1.5 billion.  Kaye Scholer is advising long-term client Onex and The Warranty Group on legal matters related to the transaction.

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Linklaters LLP has represented Marfrig Overseas Limited in connection with the reopening of its 9.50% senior notes due 2020.  The further issuance of US$275m 9.50% senior notes due 2020 will be consolidated with, and form a single series with, the US$500m principal amount of the notes that were originally issued on May 4, 2010. This was the third bond issuance on which Linklaters advised Marfrig in the past two years. More >>

Paul Hastings LLP, a leading global law firm, represented RBC Capital Markets, LLC in connection with the commitments for the $1.6 billion financing of, leading local television broadcast company, Media General Inc.’s proposed acquisition of Lin Media LLC, local multimedia company. More >>

Simpson Thatcher recently represented the underwriters led by Goldman Sachs (Asia) L.L.C. and Deutsche Bank Securities Inc. in connection with concurrent offerings by Vipshop Holdings Limited (“Vipshop”) of US$632.5 million aggregate principal amount of 1.50% Convertible Senior Notes due 2019 (the “Notes”)  (which includes $82.5 million aggregate principal amount of the Notes pursuant to the underwriters’ exercise of the over-allotment option) and 1,311,000 American depositary shares (the “ADSs”) (which includes 171,000 ADSs pursuant to the underwriters’ exercise of the over-allotment option), representing 2,622,000 ordinary shares, from certain shareholders of Vipshop for an aggregate of approximately US$188.4 million.

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King & Wood Mallesons SJ Berwin advised Climate Change Capital Private Equity LP and Climate Change Capital Private Equity Co-Investment LP on the sale of their entire stake in wastewater company Orège.

The two funds, managed by Climate Change Capital, owned 3,682,633 shares representing 5,676,920 voting rights, or 19.8% of the share capital in Orège and 22.4% of its voting rights. Their entire stake has been sold to Eren, the natural resource efficiency group, at a unit price of €4.20.

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Shearman & Sterling represented lead managers Bank of China (Hong Kong) Limited, Banco Bradesco BBI S.A., BB Securities Ltd., Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC, all acting as joint bookrunners, and Banca IMI S.p.A. and Scotia Capital (USA) Inc., acting as co-managers, in connection with a shelf takedown consisting of $1,600,000,000 3.250% Global Notes Due 2017, $1,500,000,000 4.875% Global Notes Due 2020, $2,500,000,000 6.250% Global Notes Due 2024, $1,000,000,000 7.250% Global Notes Due 2044, $1,400,000,000 Floating Rate Global Notes Due 2017 and $500,000,000 Floating Rate Global Notes Due 2020 by Petrobras Global Finance B.V. The Global Notes will be unconditionally guaranteed by Petróleo Brasileiro S.A.—PETROBRAS.

The offering is one of the largest dollar bond sales this year to date, and one of a number of financings completed by Shearman & Sterling as Petrobras’ longstanding underwriters counsel.

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