McKenna Long & Aldridge LLP Continues Corporate Practice Growth in Southern California

McKenna Long & Aldridge LLP (MLA) announces the addition of Elizabeth Bawden to the firm’s Corporate practice in California.  Based in Los Angeles, Bawden’s experience includes implementing complex estate plans for high net worth clients, counseling clients with respect to intra-family wealth transfers, advising and assisting trustees and estate executors concerning all phases of probate and trust administration, and establishing and representing private foundations, public charities and other types of tax-exempt organizations. Joining the Private Client Services team as a partner, she is the tenth addition to MLA’s Corporate practice this year.

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Tags:  Los Angeles

Kirkland & Ellis Represents L Capital Asia on Closing of US$950 Million L Capital Asia 2

Kirkland & Ellis represented L Capital Asia, the Asian private equity arm of LVMH Moët Hennessy Louis Vuitton S.A. (LVMH), which recently closed its second private equity fund. The fund was oversubscribed and closed at its hard cap of US$950 million, exceeding its original target of US$800 million. The fund, which will make investments in Asia’s lifestyle-consumer and branded goods sectors, accepted commitments from a broad mix of global institutional investors, including sovereign wealth funds, pension plans, endowments and foundations, diversified financial institutions and family offices.

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Tags:  Kirkland & Ellis LLP | Hong Kong

Hogan Lovells Closes US$650M Acquisition of Two Global Kodak Businesses for KPP

Hogan Lovells advised the Trustees of the Kodak Pension Plan (KPP) on the implementation and completion of a comprehensive settlement of its claims against Eastman Kodak Company (EKC) and Kodak Limited, its UK subsidiary. This included the acquisition of EKC’s Personalized Imaging (PI) and Document Imaging (DI) businesses, valued at US$650 million but acquired through a mixture of release of claims and a cash consideration of $325m. The acquisition closed 3 September 2013, the day of EKC’s emergence from bankruptcy.

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Tags:  Hogan Lovells | New York

Dentons Advises Shareholders of Russia’s National Container Company on US$1.6 Billion Sale to LSE-listed Russian Ports Operator Global Ports

Dentons is advising the shareholders of NCC Group Limited, a major container terminals operator in Russia, on the sale of 100% of NCC Group’s shares to LSE-listed Russian ports operator Global Ports, for a cash consideration of US$291 million and new shares representing approximately 18% of the enlarged share capital of Global Ports to be issued to the sellers, of which 50% will be in the form of GDRs and 50% will be non-voting shares.

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Tags:  Dentons | Moscow

Simpson Thacher Represents Platinum Equity Capital Partners in Raising $3.75 Billion Private Equity Fund

The Firm represented Platinum Equity in raising its target of $3.75 billion for Platinum Equity Capital Partners Fund III, L.P. and its related entities.  Platinum Equity specializes in the merger, acquisition and operation of companies involved in information technology, telecommunications, logistics, metals services, manufacturing and distribution.  The Firm also represented Platinum Equity in connection with its two prior funds.

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Tags:  Simpson Thacher & Bartlett LLP | Los Angeles