Akin Gump Client Diamondback Energy Acquires Mineral Interests in Permian Basin for $440M

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.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | Dallas

Davis Polk Advises Morgan Stanley Capital Partners on American Family Insurance’s Acquisition of Homesite Group

Davis 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.

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Tags:  Davis Polk & Wardwell LLP | Moscow

Sedgwick Expands Its National Natural Resources Practice

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.

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Cravath – ATK’s Acquisition of Bushnell Group Holdings, Inc.

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.

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Tags:  Cravath, Swaine & Moore LLP | New York

Goodwin Procter Advises Gibson Guitar in $225 Million High Yield Notes Offering and $75 Million ABL Facility

Goodwin recently advised Gibson Guitar in connection with a private placement of $225 million in aggregate principal amount of senior secured notes, the first capital markets offering for the iconic musical instrument company in its nearly 120-year history. A substantial portion of the net proceeds from the offering was used to repay various debt obligations and streamline Gibson’s capital structure. Goodwin also advised Gibson Guitar in connection with its entry into a $75 million ABL revolving credit facility, which occurred simultaneously with the closing of the notes offering.

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Clifford Chance Advises AMP Capital on China Funds Management Joint Venture with China Life

Leading international law firm Clifford Chance has advised AMP Capital on its proposed establishment of a joint venture funds management company with China Life Asset Management Company, a subsidiary of China Life Insurance China access to China  (Group) Company, China’s largest insurance group and the world’s largest listed insurance company by market capitalisation.

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Tags:  Clifford Chance LLP | Hong Kong

Veteran White Collar Defense Attorney David Laigaie Joins Eckert Seamans in Philadelphia

Eckert Seamans Cherin & Mellott, LLC, a full-service national law firm, announced that David M. Laigaie, a highly regarded White Collar Defense attorney with over 20 years of experience handling internal corporate investigations, grand jury matters, white collar criminal defense, health care fraud and other complex civil litigation, has joined the firm in Philadelphia as a Member (partner). He will lead Eckert Seamans’ Corporate Investigations and White Collar Defense practice.

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Ice Miller Launches Government Law Group – Prominent Ohio Attorney Kip Wahlers Joins Firm in Municipal Finance

Ice Miller LLP launches a new Government Law Group with a team of lawyers and governmental advocates with extensive experience serving clients with local, state and federal government issues. Led by former Congresswoman Deborah Pryce and Columbus-based partner John H. Oberle, the group will represent both the private and public sectors and will be a one-stop shop for governmental legal issues including: public finance, broadband development, economic development, election law, energy, ethics, gaming law, lobbying, municipal law, procurement, property tax complaints, public private partnerships (P3) and regulatory issues.

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