Paul Hastings Advises Jynwel Capital in the $660 M Acquisition of the Park Lane Hotel

Monday, December 2, 2013

Paul Hastings LLP, a leading global law firm, announced today that the firm advised Jynwel Capital, a Hong Kong-based investment firm, in its formation of a  joint venture with a consortium led by The Witkoff Group (other members in the Witkoff-led consortium include New Valley LLC, Highgate Holdings, and Macklowe Properties). The joint venture acquired the Helmsley Park Lane Hotel from the Leona M. and Harry B. Helmsley Charitable Trust for $660 million. The acquisition was financed by Wells Fargo and Criterion Real Estate Capital. Paul Hastings represented the Jynwel/Witkoff venture in the financing transaction.

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Tags:  Paul Hastings, LLP | New York

Akin Gump Advises LUKOIL Neftohim Burgas on €420 Million SACE Financing in Bulgaria

Monday, December 2, 2013

International law firm Akin Gump has advised LUKOIL Neftohim Burgas, a Bulgarian subsidiary of OAO LUKOIL (Russia), in a €420 million financing to upgrade its oil refinery in Burgas, Bulgaria, including the construction of a heavy-residue hydrocracking complex. This project is one of the largest financings to a private company operating in the fuel and energy sector in Bulgaria.

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Tags:  Akin Gump Strauss Hauer & Feld LLP

Simpson Thacher Represents Hellman & Friedman in $1.8 Billion Acquisition of Applied Systems, Inc.

Friday, November 29, 2013

The Firm is representing Hellman & Friedman LLC in connection with the announced acquisition of Applied Systems, Inc. by investment funds advised by Hellman & Friedman for $1.8 billion. Applied Systems is being acquired from Bain Capital, a global private investment firm. The transaction is subject to customary conditions to closing and is expected to be completed in early 2014.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Davis Polk Advises Lloyds Bank on Its $1 Billion Senior Notes Offering

Friday, November 29, 2013

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.

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Tags:  Davis Polk & Wardwell LLP