Shanna M. Boughton has joined LeClairRyan as a partner on the firm’s Financial Services Litigation and Regulation Practice Area and Banking Industry teams. She will be resident in the national law firm’s Boston office.
Tags: LeClair Ryan, PC
Frances LaFleur Returns to Drinker Biddle’s Employee Benefits Practice
Frances P. LaFleur joins Drinker Biddle & Reath LLP today as a partner in the firm’s Employee Benefits and Executive Compensation Practice Group. LaFleur is the second partner to join the employee benefits group this month and the third partner to join the firm’s growing Chicago office this year.
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Kasowitz Opens Los Angeles Office with Leading Insurance Recovery Litigators Jerold Oshinsky and Linda Kornfeld
Kasowitz, Benson, Torres & Friedman LLP is pleased to announce that nationally renowned insurance recovery litigators Jerold Oshinsky and Linda Kornfeld are joining the firm’s insurance recovery group as partners and will launch the firm’s Los Angeles office. The move reunites them with Robin Cohen, their partner at a previous firm and the leader of Kasowitz’s award-winning insurance recovery group, and further entrenches the group’s national leadership position.
Tags: Kasowitz Benson Torres LLP | Los Angeles
Simpson Thacher Represents Underwriters in Securities Offerings by Tesla Motors, Inc. Expected to Raise Combined Gross Proceeds of Approximately $968 Million
Simpson Thacher & Bartlett LLP is representing Goldman, Sachs & Co., Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as underwriters in a $600 million public offering by Tesla Motors, Inc. of 1.50% Convertible Senior Notes due 2018, with an option for the underwriters to purchase up to an additional $60 million of notes. Simpson Thacher is representing Goldman, Sachs & Co. as the underwriter in a concurrent public offering of 3,393,793 shares of Tesla common stock, with an option for the underwriter to purchase an additional 509,069 shares of common stock. The gross proceeds from the convertible notes offering, common stock offering and subsequent private placement of common stock are expected to equal approximately $968 million (or approximately $1.075 billion if the underwriters’ fully exercise their options to purchase additional shares of common stock and additional notes). The public offerings are expected to close May 22, 2013.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Temasek in Going Private Transaction Involving AsiaInfo-Linkage Inc.
Simpson Thacher is representing a subsidiary of Temasek Holdings (Private) Limited (“Temasek”), in connection with its participation in a consortium led by CITIC Capital Partners to acquire AsiaInfo-Linkage Inc. (“AsiaInfo-Linkage”). AsiaInfo-Linkage has entered into a definitive merger agreement pursuant to which the consortium will acquire AsiaInfo-Linkage for $12.00 in cash per AsiaInfo-Linkage share of common stock. The transaction values AsiaInfo-Linkage at approximately $890 million.
Tags: Simpson Thacher & Bartlett LLP | Hong KongSimpson Thacher Represents NXP Semiconductors in its Senior Notes Offering
The Firm represented NXP B.V. and NXP Funding LLC in connection with their offering of $750 million of 3.75% senior unsecured notes due 2018. The proceeds of the offering were used to refinance outstanding indebtedness.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Nielsen in $1.4 Billion Secondary Offering of Common Stock
The Firm recently represented Nielsen Holdings N.V. (“Nielsen”), a portfolio company of AlpInvest Partners, The Blackstone Group, The Carlyle Group, Centerview Partners, Hellman & Friedman, Kohlberg Kravis Roberts & Co. and Thomas H. Lee Partners (together, the “Sponsors”) in connection with a secondary offering of 40,25,000 shares of Nielsen’s common stock. The offering closed at a public offering price of $35.01 per share, resulting in gross proceeds to the Sponsors of approximately $1.4 billion.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents The Hershey Company in $250 Million Debt Offering
Simpson Thacher represented The Hershey Company in the offering of $250 million aggregate principal amount of its 2.625% Notes due 2023. The proceeds of the offering were used for general corporate purposes.
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King & Spalding Recruits Iain MacVay to Launch London Trade and Customs Practice
King & Spalding has established a London trade practice with the addition of respected partner Iain MacVay as the firm continues to expand its global trade offering. MacVay joins King & Spalding from Bird & Bird, where he was head of international trade and customs for Brussels and London.
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Veteran Natural Resources Lawyer Steven Richardson Joins Wiley Rein
Veteran natural resources lawyer Steven Richardson has joined Wiley Rein as a partner in its Environment & Safety Practice in Washington, DC. Mr. Richardson’s practice focuses on regulation, public policy and litigation in complex, high-profile matters involving water, wetlands, hydroelectric, land, energy and environmental law.
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