A team of Ropes & Gray attorneys represented H.I.G. Capital in its definitive merger agreement to acquire American Pacific Corporation, a leading custom manufacturer of fine chemicals and specialty chemicals, for approximately $392 million. More >>
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Shearman & Sterling is advising City Office REIT in its proposed $115 million initial public offering of common stock to be listed on the New York Stock Exchange. City Office REIT Inc., a newly organized corporation formed to acquire, own and operate high-quality office properties located within the United States, is sponsored by Canadian private equity firm Second City Capital Partners, a multi-fund private equity firm that invests in real estate and conventional private equity.
Tags: Shearman & Sterling LLPWomble Carlyle client NCR Corporation continues its pattern of dramatic growth. Officials with the consumer transaction technology leader announced earlier this week that NCR has entered into an agreement to acquire Digital Insight for $1.65 billion in cash. More >>
Shearman & Sterling is advising Lafarge in its sale of five aggregates quarries and related assets in Maryland (USA) to Bluegrass Materials for a total enterprise value of $320 million (equivalent to €235 million).
Tags: Shearman & Sterling LLPRopes & Gray advised Aptalis, a privately held specialty pharmaceutical company, in its definitive agreement to be acquired by Forest Laboratories, Inc., also a specialty pharmaceutical company. Forest Laboratories has agreed to acquire Aptalis for $2.9 billion in cash from its shareholders, including TPG, a global private investment firm.
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The Firm recently represented funds affiliated with Blackstone and First Reserve in connection with a $420 million secondary offering of shares of Class A common stock of PBF Energy Inc.
Tags: Simpson Thacher & Bartlett LLPSimpson Thacher represented the Ibáñez brothers, Nicolas and Felipe and related companies, in connection with the exercise of a put option and related negotiations for the sale of the family’s remaining 25.06% equity interest in Walmart Chile S.A., previously Distribucion y Servicio D&S, S.A. (“Walmart Chile”). Walmart Chile is a Chilean company traded on the Santiago stock exchange, engaged in the supermarket and hypermarket retail business in Chile. In connection with the exercise of the put option, the controlling stockholder of Walmart Chile, Inversiones Australes Tres Limitada (“Inversiones Australes”), a subsidiary of Wal-Mart Stores, Inc., has agreed to acquire all of the issued and outstanding shares owned by the Ibáñez family in Walmart Chile. Inversiones Australes and Wal-Mart Stores, Inc. acquired control of Walmart Chile in 2009. Upon the consummation of such acquisition, which is expected to happen before February 28, 2014, Inversiones Australes has agreed to initiate a tender offer in the Santiago stock exchange for the acquisition of the remaining shares of Walmart Chile. The price will be US$0.9124 per share.
Tags: Simpson Thacher & Bartlett LLPThe Firm recently represented Concesionaria Mexiquense, S.A. de C.V. (“Conmex”), a wholly-owned subsidiary of OHL México, S.A.B. de C.V. (“OHL Mexico”), in connection with its approximately U.S.$1.4 billion debt refinancing, through (i) the issuance by Conmex of 1,633,624,000 in aggregate principal amount of 5.95% UDI denominated Senior Secured Notes due 2035 and 2,087,278,000 in aggregate principal amount of UDI denominated Zero Coupon Senior Secured Notes due 2046, where Goldman, Sachs & Co. acted as initial purchaser and sole book-running manager; (ii) a credit facility to Conmex denominated in Mexican pesos for an aggregate principal amount of MXN$6,465 million from Goldman Sachs Bank USA as initial lender and administrative agent; and (iii) a credit facility to Organización de Proyectos de Infraestructura, S. de R.L. de C.V., a subsidiary of OHL México and parent of Conmex, denominated in U.S. Dollars in aggregate principal amount of U.S.$300 million from Goldman Sachs International as initial lender and administrative agent. The UDI (Unidad de Inversión) is an inflation based indexed unit created by the Central Bank of Mexico (Banco de México), and linked to the Mexican peso.
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Mayer Brown represented the London-based GW Pharmaceuticals plc, a biopharmaceutical company, in a $101.1 million US public offering and listing of American Depositary Shares on the Nasdaq Global Market in an offering led by Morgan Stanley & Co. LLC and Cowen and Company, LLC. The transaction follows GW Pharmaceuticals’ US initial public offering in May 2013, on which Mayer Brown also represented the company.
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Milbank, Tweed, Hadley & McCloy’s Latin America capital markets practice ended 2013 on a strong note, closing three transactions in December with a total value of $2.25 billion in Chile, Argentina and Mexico. Including these three deals, Milbank’s Latin America securities practice in 2013 advised on over 55 transactions across the region with an approximate value of over $26 billion.
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