Leading global law firm Mayer Brown advised laundry services provider Elis and its parent company, French private equity fund Eurazeo, on the financing, corporate and tax aspects of Elis’ €1.9 billion debt restructuring.
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Hogan Lovells and GGSM Advise on the Acquisition of Financière SELEC Valued at Approximately €1 Billion
Powerhouse France, a new investment vehicle organised and managed by TwentyTwo Real Estate, has completed the acquisition of Financière SELEC from investment vehicles managed by LBO France and Deutsche Asset and Wealth Management’s real estate investment business (formerly RREEF Real Estate). Powerhouse France financed the acquisition with equity provided equally by Massena Partners and Farallon Capital Management L.L.C.
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David W. Carickhoff Joins Archer & Greiner
David W. Carickhoff has joined Archer & Greiner P.C. as a Partner in the firm’s Bankruptcy Department, where he will concentrate on corporate bankruptcy and business reorganization matters. He will be based in the firm’s Wilmington, Delaware office.
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Linklaters Advises on Thameslink’s £1.8 Billion Rolling Stock Procurement
Linklaters has advised on the procurement for the manufacture and maintenance of rolling stock for the UK rail operator Thameslink’s network. The funding requirement for this project is in the order of £1.8 billion of which £1.6 billion will be met through senior debt.
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Simpson Thacher Represents Arch Coal in Sale of its Subsidiary to Bowie Resources
The Firm is representing Arch Coal, Inc. (NYSE: ACI) in connection with the sale of its wholly-owned subsidiary, Canyon Fuel Company, LLC, for $435 million in cash to Bowie Resources, LLC. Canyon Fuel includes the Sufco and Skyline longwall mines and the Dugout Canyon continuous miner operation in Utah. In addition, Bowie will receive approximately 105 million tons of bituminous coal reserves in Utah. The transaction is subject to customary adjustments for working capital and other items. The transaction is expected to close in the third quarter of 2013.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Best Buy in $500 Million Revolving Credit Facility and First Amendment to $1.5 Billion Revolving Credit Facility
The Firm recently represented Best Buy Co., Inc. (NYSE: BBY), in a new $500 million revolving 364-day credit facility and a First Amendment to their existing $1.5 billion revolving five-year credit facility. The new 364-day credit facility replaces an existing facility that was to expire in August 2013.
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Freshfields Advises on the Landmark Thameslink Rolling Stock Procurement – the Largest Rolling Stock Procurement to Date
International law firm Freshfields Bruckhaus Deringer has advised the Department for Transport on the Thameslink Rolling Stock Procurement Project (TRSP) the largest, most ambitious and complex rail procurement to date.
Tags: Freshfields LLPFreshfields Advises The Abraaj Group on Largest Ever African FMCG Private Equity Acquisition
International law firm Freshfields Bruckhaus Deringer has advised The Abraaj Group on its agreement to acquire a 100% stake in Fan Milk International (“FMI”), West Africa’s market leading manufacturer and distributor of frozen dairy products and juices.
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Milbank Strengthens Leading Financial Institutions Practice with Addition of Derivatives Partner John Williams in New York
In the latest boost to its leading financial institutions practice, Milbank, Tweed, Hadley & McCloy announced that John Williams, who focuses on complex transactional and regulatory work in the derivatives space, has joined the firm’s New York office as a partner. His arrival expands the derivatives capability of Milbank, which represents leading global banks and financial institutions in the largest business markets worldwide.
Tags: Milbank LLP | New YorkMilbank Advises on $519 Million CLO Issuance by Affiliate of KKR Asset Management LLC
Milbank, Tweed, Hadley & McCloy LLP recently represented affiliates of KKR Asset Management LLC (KAM) in the structuring and issuance of approximately $519 million of collateralized loan obligation (CLO) notes in a transaction in which Citigroup Global Markets Inc. acted as lead initial purchaser and placement agent, KKR Capital Markets LLC acted as an initial purchaser and placement agent, and Natixis Securities Americas LLC acted as a placement agent. The CLO notes are collateralized primarily by a diversified portfolio of senior secured corporate loan obligations selected by and to be managed for the CLO issuer by a KAM affiliate. KAM was formed in June 2004 as a subsidiary of Kohlberg Kravis Roberts & Co. L.P., a leading global investment firm with a 37-year history of leadership, innovation and investment excellence.
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