Morrison & Foerster Expands Corporate Finance and REIT Practices with Partners John Good and Justin Salon

Morrison & Foerster today announced that John A. Good and Justin R. Salon have joined the firm’s Corporate Finance practice in Washington, D.C. as partners. Mr. Good’s and Mr. Salon’s practices focus on securities offerings and other corporate finance matters, mergers and acquisitions, corporate governance and general representation of public and private companies and underwriters, with particular industry focus on real estate investment trusts (REITs) and business development companies (BDCs).

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Cooley Expands in DC with Dow Lohnes Merger

Cooley LLP announced today that it is combining with Dow Lohnes PLLC‘s Washington, DC office. Through the transaction, Cooley will be adding 54 attorneys and many other non-lawyer professionals and industry specialists to its DC office. The Dow Lohnes group is organized around three broad industry sectors: communications, higher education and media. The deal will catapult Cooley into a Top-30 Washington, DC law firm by size, boasting comprehensive “Inside the Beltway” regulatory experience. The clients of both firms will be significantly advantaged by the deepening of the core capabilities across Cooley’s domestic and international offices.

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Davis Polk Advises Wumart Stores on Its Proposed Acquisition of Minority Interest and Assets of C.P. Lotus and Issue of New H Shares to C.P. Lotus and Ascendent Capital

Davis Polk is advising Wumart Stores, Inc in connection with its proposed acquisition of a minority interest and assets of C.P. Lotus and proposed issue of shares to C.P. Lotus (the Transactions). The parties signed a framework agreement on October 15, 2013 that contains binding obligations on both parties to negotiate in good faith to enter into definitive documentation in respect of the Transactions. In addition, Wumart and an affiliate of Ascendant Capital Partners I, L.P. entered into a framework agreement in relation to the subscription by Ascendant Capital of H shares in Wumart.

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Tags:  Davis Polk & Wardwell LLP | Beijing

Simpson Thacher Represents First Data in Refinancing

Simpson Thacher represented First Data Holdings Inc. (“First Data”) in steps designed to increase its flexibility and options to refinance and extend the maturities of its current capital structure. To effect these changes, First Data agreed to issue $300 million of new convertible preferred equity to KKR and other existing shareholders. The net proceeds will be used to repay a portion of the approximately $2 billion of its 11.5% senior PIK notes due 2016, with the remainder to be exchanged for new 14.5% senior PIK notes due 2019.

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Tags:  Simpson Thacher & Bartlett LLP | New York