Simpson Thacher is representing J.P. Morgan in its role as financial advisor to Service Corp International (“SCI”) in its acquisition of Stewart Enterprises, Inc. (“STEI”) in a transaction valued at approximately $1.4 billion. Under the terms of the merger agreement, holders of STEI’s Class A and Class B common stock will receive $13.25 in cash for each share of common stock they hold.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm represented Cooper-Standard Holdings Inc. (“Cooper-Standard”) in connection with its offering of $175.0 million aggregate principal amount of Senior PIK Toggle Notes due 2018 and its subsequent offering of $25.0 million aggregate principal amount of additional Senior PIK Toggle Notes due 2018. The notes were issued pursuant to Rule 144A and Regulation S under the Securities Act. Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and UBS Securities LLC acted as joint book-running managers of the offerings.
Tags: Simpson Thacher & Bartlett LLP | New York
Polsinelli welcomes environmental attorney Christopher Erker to the firm as a shareholder. Erker joins a national Environmental and Natural Resources Practice with attorneys in Denver, Kansas City, Phoenix, Washington, D.C. and now St. Louis. Erker assists clients locally and nationally and for the past 18 years has concentrated exclusively on environmental matters and health and safety matters.
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Cahill represented Merrill Lynch, Citigroup Global Markets and Credit Suisse Securities as joint book-running managers in connection with the Rule 144A offering of $300,000,000 aggregate principal amount of 6.00% Senior Notes due 2020 by Springleaf Finance Corporation.
Tags: Cahill Gordon & Reindel LLP | New York
On May 29 Willkie client Insight Venture Partners announced the closing of Insight Venture Partners VIII, a $2.57 billion private equity fund. Like its seven predecessor funds, Insight will invest Fund VIII in the technology sector, including global software, e-Commerce, internet and data-services businesses. Investments will be made in growth stage and more mature companies as minority or control transactions. The new fund, which is Insight’s largest, will further Insight’s existing strategy of assisting portfolio companies to achieve their long-term operational and financial goals. It will have the flexibility to invest in opportunities worldwide any amount up to approximately $300 million of equity per transaction. Since its founding in 1995, New York-based Insight has raised more than $7.6 billion and made more than 190 investments worldwide. Willkie has represented Insight in a host of transactions including most recently the $6.9 billion consortium acquisition of BMC Software.
Tags: Willkie Farr & Gallagher LLP | New York
International law firm Stephenson Harwood LLP has advised BTG plc, a FTSE-250 international specialist pharmaceutical company, on its $220 million (£147 million) acquisition of EKOS Corporation (EKOS), an interventional vascular business, headquartered in Seattle, US. In what has been a very important day for BTG plc, the company has also agreed to buy the targeted therapies division of Nordion Inc for $200 million (£133 million), and undertaken a £100 million cashbox placing, highlighting significant expansion for the company within the global pharmaceutical market.
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Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles and Miami, today announced the opening of its Washington, DC office and welcomed two new partners: Christopher Griner, one of the country’s top lawyers counseling clients on national security issues and matters before the Committee on Foreign Investment in the United States (“CFIUS”); and Robert E. Plaze, a 30-year veteran of the Securities and Exchange Commission’s Division of Investment Management, where most recently he was Deputy Director of the Division of Investment Management and notably responsible for money market, investment adviser and many of the Dodd Frank regulations affecting asset managers.
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Linklaters today announces the opening of an office in Seoul, bringing on-the-ground execution capability across key practice areas.
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Am Law 200 firm Michael Best & Friedrich LLP is expanding from its Midwest base and opening a Washington, D.C. office on June 3, 2013. Michael Best’s office in Washington, D.C. will be located at 601 Pennsylvania Avenue NW and will focus on the areas of Energy, Environmental, Intellectual Property, Food and Agriculture and FDA.
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Foley successfully represented Revera Inc., a leading provider of seniors’ accommodation, care and services, in its formation of a US $1.35 billion joint venture with Health Care REIT, one of North America’s largest seniors housing and health care real estate investment trusts. In the deal, officially closed today, Health Care REIT will share ownership of 47 Revera retirement homes in Canada and will own 75% interest in the portfolio. Revera will maintain ownership of the remaining 25% interest and continue to manage the residences and earn payments through a management contract. Also included in the transaction terms is that Health Care REIT will pay Revera US $697 million and take on US $314 million in current mortgage debt.
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