Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in the initial public offering by CommScope Holding Company, Inc. (“CommScope”), a portfolio company of The Carlyle Group (“Carlyle”), of an aggregate of 38,461,537 shares of its common stock. A total of approximately $576.9 million in proceeds was raised in the offering. CommScope received approximately $461.5 million in gross proceeds from the offering and the remaining $115.4 million in gross proceeds were received by an affiliate of Carlyle as selling stockholder. CommScope intends to use the net proceeds of the offering, together with cash on hand, to repay outstanding indebtedness. CommScope shares are now listed on the NASDAQ Global Select Market under the ticker symbol “COMM”.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Initial Purchasers in Offering of US$1.0 Billion Senior Notes by JBS S.A.
The Firm recently represented BB Securities Limited, Banco Bradesco BBI S.A., Banco BTG Pactual S.A. – Cayman Branch, J.P. Morgan Securities LLC and Santander Investment Securities Inc., as initial purchasers, in a sale of US$1.0 billion of 7.75% Senior Notes due 2020 issued by JBS Investments GmbH and unconditionally guaranteed by its parent company JBS S.A., a Brazilian corporation, and JBS Hungary Holdings Kft., a wholly owned subsidiary of JBS S.A. The offering was conducted in reliance upon Rule 144A and Regulation S.
Tags: Simpson Thacher & Bartlett LLP | Sao PauloBaker & McKenzie Welcomes Cross-Border Corporate M&A Partner Jeremy White to the Tokyo Office
Baker & McKenzie (Gaikokuho Joint Enterprise) welcomes Jeremy White as a new partner, who joined the Tokyo office as of October 24. Mr. White, a Registered Foreign Lawyer (gaikokuho jimu bengoshi), will be working as a member of the Corporate / Mergers & Acquisitions practice group and will be involved mainly with cross-border commercial corporate and M&A matters.
Tags: Baker McKenzie | TokyoPaul Hastings Advises Samsung Display on US$1.9 Billion Sale of Its Joint Venture Stake and Its Strategic Investment in Corning Incorporated
Paul Hastings, a leading global law firm, announced today that it is representing Samsung Display Co., Ltd. (“Samsung Display”), a global leader in display panel technology and products and a subsidiary of Samsung Electronics, in its agreement with Samsung Corning Precision Materials (“SCP”) and Corning Incorporated (“Corning”) to have SCP repurchase Samsung Display’s 43% interest in SCP.
Tags: Paul Hastings, LLPShearman & Sterling Advises on CSX Corporation’s $500 Million Notes Offering
Shearman & Sterling represented the underwriters, led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, in connection with CSX Corporation’s public offering of $500 million aggregate principal amount of its 3.700% Notes due 2023.
Tags: Shearman & Sterling LLP | New YorkStephen Harris Joins Winston & Strawn Washington, D.C.
Winston & Strawn LLP has announced that H. Stephen Harris, Jr. will join the firm’s Washington, D.C. office as a partner in the antitrust/competition practice. Mr. Harris, formerly a partner and chair of the North America Antitrust & Competition Group at Baker & McKenzie, focuses his practice on cartel defense, merger control filings, and administrative proceedings before United States and international courts and agencies.
Tags: Winston & Strawn LLPHogan Lovells Advises Liberty Global on $1Bn Chellomedia Sale
Hogan Lovells has advised Liberty Global on the disposal of its international content division, Chellomedia, to AMC Networks Inc. for $1 billion. The deal was announced on Monday 28 October.
Tags: Hogan LovellsClifford Chance Advises Sumitomo on US$1 Billion Purchase with Glencore of Rio Tinto Coal Mine Stake in Queensland
Leading international law firm Clifford Chance has advised longstanding client Sumitomo Corporation on its joint purchase with Glencore Xstrata plc of a 50.1 per cent interest in the Clermont coal mine in Queensland, Australia from Rio Tinto plc.
Tags: Clifford Chance LLPMcCarter & English Expands Labor and Employment Practice in Stamford
McCarter & English, LLP is pleased to announce two new attorneys with the firm’s labor and employment law practice. Craig Bonnist joins as a partner, and Barbara Curtis as an associate, in the firm’s Stamford office. They worked together previously at Bonnist & Cutro, LLP. In addition to continuing their practices in New York and New Jersey, Bonnist is actively expanding the firm’s labor and employment group in the Fairfield County region.
Tags: McCarter & English, LLPSenior State Department Official Jose W. Fernandez Joins Gibson Dunn in New York
Gibson, Dunn & Crutcher LLP is pleased to announce that Jose W. Fernandez, the former Assistant Secretary of State for Economic, Energy and Business Affairs, has joined the firm as a partner in the New York office. During his tenure, Fernandez led the bureau that was responsible for overseeing all aspects of the State Department’s commercial diplomacy worldwide. At Gibson Dunn, he will focus his practice on mergers and acquisitions and finance in emerging markets in Latin America, the Middle East, Africa and Asia.“Throughout his career in private practice, Jose focused on M&A and finance, including project finance, privatizations and restructurings, primarily in Latin America and Africa,” said Ken Doran, Chairman and Managing Partner of Gibson Dunn. “And during his tenure with the State Department, Jose further deepened and broadened his emerging markets experience to Europe, Asia and the MENA region. He also gained substantial experience in important areas of U.S. law that are critical to major global clients, including trade sanctions and CFIUS, which will complement our existing regulatory expertise and enable us to deliver a more comprehensive compliance package to our clients throughout the world.”
Tags: Gibson, Dunn & Crutcher LLP | New York