Dechert Advises ICG Group in $375M Sale of Procurian to Accenture

Dechert is representing ICG Group, Inc. (“ICG”) in its sale of Procurian, Inc. (“Procurian”) to Accenture plc for $375 million in cash. Radnor, PA-based ICG announced today that it has executed a definitive agreement for the sale of Procurian, a specialist in procurement solutions, to Accenture plc. The transaction is subject to customary closing conditions, with completion expected to occur in the fourth quarter.

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Tags:  Dechert LLP

Shearman & Sterling Advises on Amgen Inc.’s $10.5 Billion Purchase of Onyx Pharmaceuticals

Shearman & Sterling advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank PLC and J.P. Morgan Securities LLC as joint lead arrangers and joint bookrunning managers in connection with a $5 billion term loan related to Amgen Inc.’s $10.5 billion purchase of Onyx Pharmaceuticals Inc. Concurrently, the firm also represented Bank of America, N.A. in connection with a $3.1 billion sale and repurchase agreement financing transaction related to the acquisition.

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Tags:  Shearman & Sterling LLP | New York