Shearman & Sterling is representing Credit Suisse Securities (USA) LLC, financial advisor to the board of directors of Sohu.com Inc. (“Sohu,” NASDAQ: SOHU), in the US$448 million acquisition of a 36.5% interest in Sogou Inc. (“Sogou”) by Tencent Holdings Limited (“Tencent,” SEHK: 00700).
Tags: Shearman & Sterling LLP | Hong Kong
Akin Gump Strauss Hauer & Feld LLP is pleased to announce that Marc Epstein has joined the firm as a partner in the real estate practice in the firm’s Fort Worth office. He comes to Akin Gump from Kelly Hart & Hallman LLP, along with Sean Bryan and Randall Quick, who both join as senior counsel.
Tags: Akin Gump Strauss Hauer & Feld LLP | Fort Worth
Mayer Brown is representing Packaging Corporation of America, the fourth largest producer of containerboard and corrugated packaging products in the United States, on its definitive agreement to acquire all of the outstanding common shares of Boise Inc. for $12.55 per share in cash, for an aggregate transaction value of $1.995 billion, inclusive of $714 million of outstanding indebtedness of Boise. The transaction is expected to close in the fourth quarter of 2013, subject to regulatory and other approvals.
Tags: Mayer Brown LLP
Anderson Kill today announced that four partners and one associate from Deeb Blum Murphy Frishberg & Markovich, P.C., a boutique law firm with offices in Philadelphia, PA and Princeton, NJ, are joining the firm’s Philadelphia office.
Tags: Anderson Kill P.C.
M-Dax listed hospital operator RHÖN-KLINIKUM AG has announced the sale of 43 hospitals and affiliated companies to healthcare company Fresenius Helios as part of its corporate strategy to realign its portfolio. The purchase price (enterprise value) amounts to €3.07 billion. RHÖN-KLINIKUM AG wants to focus on facilities that offer advanced medical care in a comprehensive, research-driven university environment with a maximum care offering. The locations Bad Berka, Bad Neustadt a. d. Saale, Frankfurt (Oder) as well as the university hospitals Giessen and Marburg will form the foundation of the “new Rhön”. With revenues of approximately €1 billion and around 15,000 employees, the company will be the fourth largest hospital group in terms of revenues in Germany. An additional €40 million will be invested by Helios (€30 million) and RHÖN-KLINIKUM (€10 million) in the further development and creation of a mutual medical network of partner clinics over the next five years. Subject to the approval of the German Federal Cartel Office the partner clinics will cooperate closely in future on the basis of a network agreement and offer top-quality supplementary care services for patients.
Tags: Latham & Watkins LLP
Davis Polk advised Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as representatives of the initial purchasers in connection with an unregistered Rule 144A offering by Clean Energy Fuels Corp. of $220 million aggregate principal amount of its 5.25% convertible senior notes due 2018.
Tags: Davis Polk & Wardwell LLP | Silicon Valley
Cadwalader, Wickersham & Taft LLP, a leading counselor to global financial institutions and corporations, today announced that Bruce Bloomingdale and Jeremiah Wagner will join the firm’s global Capital Markets practice.
Tags: Cadwalader, Wickersham & Taft LLP
Kirkland & Ellis LLP announced today that it is expanding in China and has opened an office in Beijing. The Beijing office is located in China World Office 2 in the heart of Beijing’s Central Business District. As a key component of the Firm’s Greater China practice, the office will focus on complex M&A and private equity transactions, international capital markets transactions, fund formation and government enforcement and investigations.
Tags: Kirkland & Ellis LLP | Beijing
The Firm represented Deutsche Bank, HSBC and China International Capital Corporation as underwriters of the initial public offering in Hong Kong and Rule 144A/Regulation S offering by Tenwow International Holdings Limited (Tenwow International). Tenwow International offered an aggregate of 500,000,000 ordinary shares, which raised approximately HK$1.58 billion (approximately US$203 million) in gross proceeds. Tenwow International is a leading food and beverage producer and one of the largest distributors of packaged food and beverages in China. The ordinary shares of Tenwow International are listed on the Hong Kong Stock Exchange. Deutsche Bank and HSBC acted as joint global coordinators and joint sponsors, and Deutsche Bank, HSBC and CICC acted as joint bookrunners and joint lead managers.
Tags: Simpson Thacher & Bartlett LLP | Hong KongSimpson Thacher is representing J.P. Morgan Securities LLC in its role as financial advisor to Boise Inc. (“Boise”) in connection with Packaging Corp. of America’s (“PCA”) announced acquisition of Boise Inc. for $12.55 per share in a deal valued at about $1.995 billion, including $714 million of Boise debt.
Tags: Simpson Thacher & Bartlett LLP | New York