Sidley Austin LLP Adds Team of Litigation and Private Equity Lawyers

Wednesday, September 18, 2013

Sidley Austin LLP announced today that eight lawyers will be joining the firm as partners in the Dallas office later this month. Six will be joining the firm’s Complex Commercial Litigation practice, and two will become members of Sidley’s Private Equity practice. The practices of the lawyers in this group are national in scope and focus on providing sophisticated services for leading corporations and private equity sponsors. The group is moving to Sidley from Weil, Gotshal & Manges and includes Yvette Ostolaza and Angela Fontana, both of whom co-chaired national practice groups at their prior firm. The additional new partners are Penny Reid, Vance Beagles, Angela Zambrano, Kelly Dybala, Yolanda Cornejo Garcia and Michelle Hartmann.

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Tags:  Sidley Austin LLP | Dallas

Shearman & Sterling Advises John Deere Capital Corporation on $848 Million Asset-Backed Notes Offering

Wednesday, September 18, 2013

Shearman & Sterling represented John Deere Owner Trust 2013-B, as the issuing entity, John Deere Receivables, Inc., as the seller and depositor, and John Deere Capital Corporation, as the sponsor and servicer, in connection with the issuance and sale of approximately $848.6 million of asset-backed notes. The notes are backed by agricultural and construction equipment retail installment sale and loan contracts secured by new and used agricultural and construction equipment, the security interests in the equipment financed thereby and the proceeds thereof (the “receivables”). John Deere Capital Corporation purchased the receivables from Deere & Company and John Deere Construction & Forestry Company.

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Tags:  Shearman & Sterling LLP | New York

Mayer Brown Represents Packaging Corporation of America on $1.995 Billion Acquisition of Boise Inc.

Wednesday, September 18, 2013

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.

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Tags:  Mayer Brown LLP

Latham & Watkins Advises RHÖN-KLINIKUM AG on Sale of 43 Hospitals for €3.07 Billion

Wednesday, September 18, 2013

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.

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Tags:  Latham & Watkins LLP

Kirkland & Ellis Opens Beijing Office

Tuesday, September 17, 2013

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.

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Tags:  Kirkland & Ellis LLP | Beijing