DLA Piper represented ACTIVE Network, a San Diego-based software company, in its $1.05 billion acquisition by Vista Equity Partners, the largest Internet leveraged buyout in 2013.
Tags: DLA Piper | San Francisco
Anderson Mori & Tomotsune – Opening of Singapore Office
Anderson Mori & Tomotsune is pleased to announce that we opened our Singapore Office on November 28, 2013.
Tags: Anderson Mori & Tomotsune | Singapore
Davis Polk Advises Lloyds Bank on Its $1 Billion Senior Notes Offering
Davis Polk advised Lloyds Bank plc, a public limited company incorporated in England, on its SEC-registered offering of $1 billion aggregate principal amount of 2.3% senior notes due 2018, fully and unconditionally guaranteed by Lloyds Banking Group plc. Goldman, Sachs & Co., J.P. Morgan Securities LLC, Lloyds Securities Inc., Morgan Stanley & Co. LLC and UBS Securities LLC acted as joint bookrunners and joint lead managers.
Tags: Davis Polk & Wardwell LLP
Willkie Frankfurt Office Advises on $2 Billion Sale of German Advertising Company Scout24
On November 21, German telecommunications giant Deutsche Telekom AG announced the signing of a definitive agreement to sell a 70 percent stake in Scout24 Holding GmbH, represented by Willkie, to San Francisco-based Hellman & Friedman LLC for €1.5 billion ($2 billion) in cash. Deutsche Telekom will retain a 30 percent stake in the company. The deal values Scout24 at approximately €2 billion. The partial sale of Scout24 is a cornerstone transaction for the online investment strategy pursued by Deutsche Telekom over the past decade. Under Deutsche Telekom’s ownership, Scout24 successfully developed Germany’s leading online classifieds business including the core ImmobilienScout24 and AutoScout24 franchises. Subject to regulatory approvals, the deal is expected to close in the first quart of 2014. Scout24 is one of Europe’s leading groups of companies for online market places. It’s six marketplaces are present in 24 countries.
Tags: Willkie Farr & Gallagher LLP | Germany
McGuireWoods Adds Tax Lawyer in Houston
McGuireWoods LLP today announced that Barbara Spudis de Marigny has joined the firm’s tax practice as a partner in Houston. De Marigny brings more than 30 years of experience advising businesses on taxation of their operations, mergers and acquisitions, partnerships and joint ventures. She has extensive experience representing clients in the energy industry, including vertically-integrated majors, MLPs, and private equity investors in companies operating midstream, upstream or in the oilfield services sector.
Tags: McGuireWoods LLP | Houston
Covington Advises NHL on $5 Billion Canadian Broadcast Rights Deal
Covington & Burling advised the National Hockey League in negotiating its twelve-year, C$5.2 billion agreement with Rogers Communications for national broadcast and multimedia rights to NHL games, including the Stanley Cup Playoffs and the Stanley Cup Final, in Canada.
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Squire Sanders Boosts Global Corporate Practice with Expert Germany-China Team in Shanghai
Squire Sanders is pleased to announce that it has recruited to its Global Corporate Practice in Shanghai Dr. Benjamin Kroymann from Dentons. Dr. Kroymann, a German qualified attorney, joins Squire Sanders as a partner together with team members, Furong Ren, as Senior Consultant, and Leon Xu, as Consultant.
Tags: Squire Patton Boggs | GermanyDLA Piper Expands German Corporate Practice
Davis Polk Advises on Placement of Shares in Goldpoly New Energy Holdings Limited
Davis Polk advised Credit Suisse (Hong Kong) Limited, Morgan Stanley & Co. International plc, BOCI Asia Limited and CLSA Limited in their capacity as placing agents for the placement of 1,000,000,000 shares (the “Placing Shares”)in Goldpoly New Energy Holdings Limited (“Goldpoly”) for a total consideration of approximately HK$1.7 billion.
Tags: Davis Polk & Wardwell LLP | Hong KongDavis Polk – NextEra Energy, Inc. $977 Million Common Stock Offering and Forward Sale Agreement
Davis Polk advised Citibank, N. A. as forward counterparty under a forward sale agreement with NextEra Energy, Inc. relating to 6,600,000 shares of its common stock in connection with an SEC-registered offering by NextEra Energy of a total of 11,100,000 shares of its common stock, in which NextEra Energy also issued and sold 4,500,000 shares of its common stock to the underwriters in the offering. In connection with the forward sale agreement, an affiliate of Citibank N. A. borrowed from third parties an aggregate of 6,600,000 shares of NextEra Energy’s common stock and sold these shares to the underwriters. The net proceeds to NextEra Energy of the offering (assuming physical settlement of the forward sale agreement at the initial forward sale price) are expected to be approximately $977 million, $581 million of which are expected to be received at settlement the forward sale agreement.
Tags: Davis Polk & Wardwell LLP | New York