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.

More >>

Tags:  Hogan Lovells

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.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson 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.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York