Skadden is advising Vitol Group, one of the world’s largest independent energy trading companies, on its $2.6 billion purchase of Royal Dutch Shell plc’s Australia downstream businesses, announced February 20. More >>
Tags: Skadden, Arps, Slate, Meagher & Flom LLPClifford Chance advises on funding of largest Dutch onshore wind project
A banking consortium consisting of Rabobank, the German KfW IPEX-Bank and the European Investment Bank will provide a total loan of EUR 350 million to NOP Agrowind. Part of the financing is refinanced through the KfW 207 Energy programme. Thanks to this financing NOP Agrowind will build 26 wind turbines on shore with a total capacity of 195 megawatts the largest wind farm in the Netherlands. These wind turbines are part of the Windpark Noordoostpolder. The involved banks want to stimulate the development and use of renewable energy. Approximately 185,000 households are expected to be benefit from this renewable energy.
Tags: Clifford Chance LLPCooley Advises Auspex on its Initial Public Offering
Cooley LLP announced today that it advised Auspex Pharmaceuticals on its $96.6 million IPO. Auspex is a biopharmaceutical company focused on the development and commercialization of novel medicines for the treatment of orphan diseases. Orphan Diseases are rare diseases that affect fewer than 200,000 people in the United States and that may often present unmet medical needs. Auspex now trades on the NASDAQ Global Market under the symbol “ASPX.”
Tags: Cooley LLPCovington Advises TPG’s American Tire Distributors in $365 Million Acquisition
Covington & Burling advised American Tire Distributers in the acquisition of Terry’s Tire Town from Talisman Partners for up to $365 million. American Tire, a portfolio company of TPG, is a wholesale distributor of replacement tires throughout the United States and Canada. The acquisition is expected to close at the end of March, pending antitrust clearance. More >>
Tags: Covington & Burling LLPGilbert + Tobin advises Aquis on its proposed acquisitions of the Cairns and Canberra Casinos
The transaction involves four acquisitions: a takeover bid for RCT, acquisitions of the responsible entity and operating entity of RCT and the acquisition of Casino Canberra. RCT is the owner of the Cairns Reef Casino and hotel and Casino Canberra is the owner and operator of the Canberra Casino.
Aquis has entered into a Takeover Bid Implementation Agreement with the responsible entity of RCT. Aquis’ takeover bid will be an off-market cash bid to acquire all the ordinary units in RCT for $4.354 per unit, for a total value of approximately $217 million. The RCT Board have unanimously recommended unitholders to vote in favour of the takeover bid, in the absence of a superior proposal.
Tags: Gilbert, LLPHogan Lovells Advises Mishmeret on $800M High Yield Israeli Issuance
Hogan Lovells has advised Mishmeret Trusts Company Limited in its role as Trustee and Security Agent for the high yield issuance of $800 million of Senior Secured Notes due 2021 by B Communications, which closed on Wednesday 19 February 2014. B Communications owns a controlling stake in Bezeq, Israel’s largest telecommunications provider.
Mishmeret, a Tel-Aviv based company, is the leading trust company in Israel, acting as trustee for holder of over NIS 50 Billion (about $17 Billion) in debt by public and non public issuance. More >>
Tags: Hogan LovellsLinklaters Advises HSH Nordbank on Innovative Asset-based Lending Structure
Linklaters has advised HSH Nordbank AG on an innovative asset-based lending structure. The reference portfolio consists of ship loan receivables of HSH Nordbank.
Tags: Linklaters LLPSimpson Thacher Represents Kronos in Connection with its Recapitalization Transaction with Blackstone and GIC
Simpson Thacher is representing Kronos Parent Corporation and its controlling stockholders, investment funds affiliated with Hellman & Friedman LLC, in connection with Kronos’s pending recapitalization transaction. In connection with the transaction, investment funds managed by Blackstone and GIC will make a $750,000,000 investment in Kronos and will acquire a minority stake in the company. The transaction is subject to customary closing conditions, including receipt of regulatory approvals.
Tags: Simpson Thacher & Bartlett LLPMilbank Represents Partners Group in $750M Investment in Mexico’s Leading Gas Infrastructure Provider Fermaca
In a noteworthy cross-border deal showcasing its Latin America, corporate and finance practices, Milbank, Tweed, Hadley & McCloy LLP has represented Swiss private equity firm Partners Group in making a majority investment in Mexico’s leading gas infrastructure firm, valued at approximately $750 million.
Tags: Milbank LLP | Mexico CityColfax to Acquire Victor Technologies
Skadden is representing Colfax Corporation, a fluid-handling products manufacturer, in its $947 million acquisition of Victor Technologies Group Inc., an industrial equipment maker, from Irving Place Capital, announced on February 12. More >>
Tags: Skadden, Arps, Slate, Meagher & Flom LLP








