King & Spalding advised Freeport LNG Expansion, L.P., in the company’s agreements to enter into binding 20-year liquefaction tolling agreements (LTAs) with SK E&S LNG, LLC and Toshiba Corporation, each for a base quantity of 2.2 million tons per annum (mtpa), commencing upon completion of construction of the third train of Freeport LNG’s proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas.
Tags: King & Spalding LLP | Houston
Davis Polk is pleased to announce that Avi Gesser, an official with the U.S. Department of Justice, has rejoined the firm as a partner in the Litigation Department in New York. Mr. Gesser will work in our White Collar Criminal Defense Group representing clients in a wide range of white collar criminal defense matters and investigations as well as complex commercial litigation.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk is advising Citigroup, Inc. in connection with the sale of its Citi Venture Capital International (CVCI) funds business to The Rohatyn Group, LLC. Financial terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of 2013.
Tags: Davis Polk & Wardwell LLP | New York
Brownstein Hyatt Farber Schreck continues to expand its intellectual property team with the addition of S. Craig Hemenway as a shareholder plus 12 members of his team. With a deep background in both patent law and engineering, Hemenway and his team will counsel clients on many aspects of intellectual property from identification, protection and management of intellectual property assets to preparing and prosecuting patent applications, enforcing intellectual property rights through litigation and providing infringement and patentability opinions. Hemenway was previously a partner at Dorsey & Whitney where he led the Denver patent group.
Tags: Brownstein Hyatt Farber Schreck, LLP | Denver
Paul Hastings LLP, a leading global law firm, is representing Kaydon Corporation (NYSE: KDN), a leading designer and manufacturer of custom engineered, and performance-critical products, in an acquisition by SKF, a manufacturer and supplier of ball and roller bearings, linear motion products, precision bearings, spindles and seals, for $35.50 per share in an all-cash transaction that values Kaydon at approximately $1.25 billion, including debt.
Tags: Paul Hastings, LLP | New York
Akin Gump Strauss Hauer & Feld LLP advised Diamondback Energy, Inc. in its definitive agreement with IBEX Mineral Resources LLC and Beehive Partners LLC to purchase mineral interests underlying approximately 15,000 gross (12,500 net) acres in Midland County for approximately $440 million, subject to certain adjustments. The proposed transaction is expected to close by the end of September 2013, subject to completion of due diligence and satisfaction of closing conditions. Diamondback intends to finance the acquisition with debt and cash on hand.
Tags: Akin Gump Strauss Hauer & Feld LLP | DallasIP litigator Michael F. Heafey has joined King & Spalding’s Silicon Valley office as a partner in the firm’s intellectual property practice. A patent lawyer with almost 25 years of patent and trade secret experience, Heafey comes to the firm from Orrick’s Menlo Park office.
Tags: King & Spalding LLP | Silicon ValleyDavis Polk is advising Morgan Stanley Capital Partners as selling shareholder in connection with the $616 million acquisition by American Family Mutual Insurance Company of Homesite Group, Inc. The acquisition, which is expected to close by the end of the year, is subject to customary closing conditions and regulatory approvals.
Tags: Davis Polk & Wardwell LLP | Moscow
Sedgwick has taken a significant, strategic step to expand its national natural resources practice. Nationally recognized natural resources attorneys Steven P. Quarles and David P. Ross have joined Sedgwick LLP as partners in our Washington, D.C. office. Their additions are the most recent in a series of expansions that have seen Sedgwick’s Land Use and Natural Resources Practice Group more than double in size in the past three years. Quarles is considered one of the deans of federal natural resources law and serves clients all over the country. He also is a leader on related federal policy matters and is frequently in contact with executive and legislative branch leaders on those issues.
Tags: Sedgwick LLP
On September 5, 2013, ATK announced it has entered into a definitive agreement to acquire Bushnell Group Holdings, Inc. for US$985 million in cash, subject to customary post‑closing adjustments. Cravath represented ATK in connection with this transaction. Bushnell is a leading global designer, marketer and distributor of branded sports optics, outdoor accessories and performance eyewear.
Tags: Cravath, Swaine & Moore LLP | New York