Kramer Levin Client Del Monte Pacific Limited Completes Acquisition of Del Monte Consumer Foods Business for $1.675B

On February 18, 2014, Kramer Levin client Del Monte Pacific Limited (DMP) completed its acquisition of the consumer foods business of Del Monte Corporation (DMC), based in the United States, for $1.675B, subject to working capital adjustments. The Del Monte consumer foods business is considered the leading U.S. canned fruit, vegetable and broth business, and includes iconic brands Del Monte, Contadina, S&W and College Inn.

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Tags:  Kramer Levin Naftalis & Frankel LLP

Paul Hastings Represents SMABTP in Connection with €300 Million Public Tender Offer for Société de la Tour Eiffel

Paul Hastings LLP, a leading global firm, advised SMABTP, a mutual insurance company specializing in casualty/property damage and professional liability coverage for professionals in the construction and building trades industries, in connection with the filing of a Public Tender Offer/Take-Over Bid for all of the shares of the real estate company, Société de la Tour Eiffel, amounting to €300 million.

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Tags:  Paul Hastings, LLP

Herbert Smith Freehills Advises on ANZ’s $1bn Offer of Capital Notes 2 and CPS 1 Reinvestment Offer

Herbert Smith Freehills has advised the joint lead managers of Australia and New Zealand Banking Group Limited’s (ANZ) offer of new Tier 1 hybrid securities known as ANZ Capital Notes 2 (Notes) and concurrent reinvestment offer and buyback of ANZ’s CPS1 securities (Offer). The Offer will seek to raise A$1 billion, with the ability to raise more or less.

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Tags:  Herbert Smith Freehills Kramer LLP

Simpson Thacher Represents JPMorgan, Financial Advisor to Forest Laboratories, in Actavis’ Acquisition of Forest Laboratories for $25 Billion

The Firm is representing J.P. Morgan Securities LLC in its role as financial advisor to Forest Laboratories, Inc. (NYSE: FRX) in connection with Actavis plc’s (NYSE: ACT) definitive agreement to acquire Forest for a combination of cash and equity valued at, based on Actavis’ pre-announcement closing price, approximately $25 billion or $89.48 per Forest share. In the proposed transaction, shareholders of Forest will receive 0.3306 shares of Actavis common stock and $26.04 in cash for each share of Forest. The transaction will include an election mechanism for Forest shareholders to elect all-stock or all-cash consideration, subject to proration in accordance with the terms of the merger agreement. The transaction is subject to the approval of the shareholders of both companies, as well as customary regulatory approvals, including a Hart-Scott-Rodino review in the United States.

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Tags:  Simpson Thacher & Bartlett LLP

Herbert Smith Freehills Advises on SG Fleet IPO

Herbert Smith Freehills is advising SG Fleet Group Limited (SG Fleet) in relation to its initial public offering and listing on the Australian Securities Exchange (ASX). The offer consists of an institutional offer, broker firm offer and priority offer (Offer) and values SG Fleet at A$454.2 million at the offer price of A$1.85 per share. More >>

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King & Wood Mallesons Advises NewSat on US$390m Financing of its Jabiru-1 Satellite

King & Wood Mallesons has advised NewSat Limited on the US$390M financing of its Jabiru-1 satellite project, which achieved financial close on 13 February 2014.  The export credit financing included US$300.5M from US-EXIM Bank and US$89.6M from COFACE (the French export credit agency).

The transaction is a milestone for Australia’s satellite industry, and highlights the continuing importance of Australia as a market for export credit finance.

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Tags:  King & Wood Mallesons