Davis Polk is advising Corsair Capital as a selling shareholder in connection with the $692 million sale of Torus Insurance Holdings Limited to Enstar Group Limited and affiliates of Stone Point Capital LLC. Corsair Capital will receive both Enstar shares and cash consideration in the transaction. The transaction, which is subject to governmental and regulatory approvals and customary closing conditions, is expected to close by the end of the year.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised J.P. Morgan Securities LLC as dealer manager in connection with the cash tender offer by Swiss Re Solutions Holding Corporation to purchase any and all of its $400 million 6.45% notes due March 1, 2019, its $600 million 7% notes due February 15, 2026, and its $350 million 7.75% notes due June 15, 2030.
Tags: Davis Polk & Wardwell LLP | New York
Arent Fox LLP is pleased to announce the addition of intellectual property litigation partner Arthur S. Beeman, counsel Joel T. Muchmore, and health care administrative law counsel Steven V. Schnier to its new San Francisco office and its nationally recognized Intellectual Property, Complex Litigation, and Health Care practices.
Tags: ArentFox Schiff LLP | San Francisco
The Tokyo office of the Firm recently represented Suntory Beverage & Food Limited in connection with its initial public offering on the Tokyo Stock Exchange, which included a global offering to institutional investors pursuant to Rule 144A and Regulation S. As of its completion, the IPO was the largest in Asia in 2013.
Tags: Simpson Thacher & Bartlett LLP | TokyoThe Firm recently represented Sumitomo Mitsui Trust Holdings, Inc. in connection with its Rule 144A and Regulation S offering of 217 million shares of common stock. The offering raised approximately ¥94 billion (US$ 935 million). Goldman Sachs International and J.P. Morgan were the Joint Lead Managers for the offering.
Tags: Simpson Thacher & Bartlett LLP | Tokyo
Katten Muchin Rosenman LLP announced today that David L. Goldberg has joined the firm as partner in its Litigation and Dispute Resolution practice in New York where he will represent corporate and individual clients in securities litigation and regulatory enforcement matters.
Tags: Katten Muchin Rosenman LLP | New York
Arent Fox LLP is pleased to announce the addition of intellectual property litigation partner Arthur S. Beeman, counsel Joel T. Muchmore, and health care administrative law counsel Steven V. Schnier to its new San Francisco office and its nationally recognized Intellectual Property, Complex Litigation, and Health Care practices.
Tags: Holland & Hart LLP | San FranciscoHolland & Hart LLP is pleased to announce the addition of Matt Smith to the firm’s commercial and securities litigation practices. Smith is a partner based out of the firm’s Denver office.
Tags: Holland & Hart LLP | Denver
American Realty Capital Properties, Inc. (“ARCP”) announced a definitive merger agreement to acquire all of the outstanding shares of American Realty Capital Trust IV (“ARCT IV”) in a $3.1 billion transaction whereby ARCP will own 2,579 single tenant properties net leased to 470 tenants across 29 industries in 48 states. Proskauer served as counsel to ARCP and ARCT IV. The deal is expected to close in the third quarter of 2013.
Tags: Proskauer Rose LLP | New York
Herbert Smith Freehills has advised the joint lead managers of Westpac Banking Corporation’s (Westpac) offer of new Tier 2 hybrid securities known as Westpac Subordinated Notes II (Notes), which are fully paid, redeemable, subordinated and unsecured debt obligations of Westpac (Offer). The Offer is intended to raise A$750 million, with the ability to raise more or less.
Tags: Herbert Smith Freehills LLP