Cooley Antitrust Team Helps Clear Tesoro for $1.075 Billion Acquisition

Cooley LLP announced today that its antitrust team successfully persuaded the Federal Trade Commission (FTC) and California Attorney General to close their nine month investigation of Tesoro Corporation’s proposed $1.175 billion acquisition of British Petroleum’s Southern California Refining and Marketing business. Cooley represented Tesoro on the antitrust aspects of the acquisition.

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Simpson Thacher Represents Vingroup in Connection with Strategic Investment by Warburg Pincus in Vincom Retail

The Firm is representing Vingroup Joint Stock Company, Vietnam’s largest private-sector real estate operator, in connection with definitive agreements by a consortium led by an affiliate of Warburg Pincus to make a $200 million investment in Vincom Retail. The definitive agreements also include a commitment from Warburg Pincus to participate in future capital raising by Vingroup in an amount of up to US$25 million, and an opportunity for the consortium to invest an additional US$100 million in Vincom Retail to expand the platform and explore future retail property-related opportunities.

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Tags:  Simpson Thacher & Bartlett LLP | Hong Kong

Simpson Thacher Represents Oaktree Capital Group, LLC in Follow-On Offering of Its Class A Units

Simpson Thacher represented Oaktree Capital Group, LLC in the registered follow-on offering of 8.05 million Class A units representing limited liability company interests. Morgan Stanley, BofA Merrill Lynch and Credit Suisse were the joint global coordinators for the approximately $431 million offering. Oaktree intends to use all of the net proceeds from the offering to acquire interests in its business from certain of its directors, employees and other investors.

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Tags:  Simpson Thacher & Bartlett LLP | Los Angeles

Arent Fox Opens San Francisco Office

Arent Fox is proud to announce the opening of its new San Francisco office in the KPMG Building at 55 Second Street in the city’s Financial District. As a result of client demand, the firm will expand into Northern California with its nationally recognized Automotive, Communications, Mobile & Technology, Complex Litigation, Corporate & Securities, Health Care, Intellectual Property, Real Estate, and Sports practices.

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Tags:  ArentFox Schiff LLP | San Francisco