Jenner & Block Represents GM in $1.7 Billion Public Secondary Sale of Common Stock by the U.S. Treasury and a VEBA Trust

Wednesday, June 26, 2013

Jenner & Block recently represented General Motors in a $1.7 billion underwritten secondary offering of GM common stock by the U.S. Department of the Treasury and the UAW Retiree Medical Benefits Trust (VEBA).  In the offering, the U.S. Treasury sold 30 million shares of GM common stock and received proceeds of approximately $1.03 billion, and the VEBA sold 20 million shares of GM common stock and received proceeds of approximately $688 million.  The offering priced on June 6, 2013 and was completed on June 12, 2013, with the timing of the pricing coinciding with the addition of GM to the S&P 500®index.

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Tags:  Jenner & Block, LLP

Herbert Smith Freehills Cuts JEM Deal

Wednesday, June 26, 2013

Herbert Smith Freehills has advised Lend Lease Singapore on the successful launch of the Lend Lease JEM Partners Fund. The fund has been established to acquire Lend Lease’s 25% equity interest in JEM, a significant retail and office asset in Singapore which opened for trading on Saturday. Herbert Smith Freehills also advised on the sale of the asset to the fund for around S$227 million (approx. A$189 million).

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Tags:  Herbert Smith Freehills Kramer LLP | Singapore

Allen & Overy Deliver Russian Banking Giants on USD3.45bn UK P2P Financing

Tuesday, June 25, 2013

Allen & Overy advised the Russian state-owned banks, Sberbank of Russia and VTB Capital plc (the investment banking division of JSC VTB Bank), as arrangers and lenders under a USD1.7bn public-to-private acquisition financing facility and related refinancing facilities totalling USD1.75bn on the forthcoming public offer for the ordinary shares of Eurasian Natural Resources Company plc (LSE: ENRC) by Eurasian Resources Group B.V., which was announced to the London Stock Exchange on 24 June 2013.

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Tags:  Allen & Overy LLP | Moscow

Goodwin Procter Expands Securities Litigation & White Collar Defense Group with Addition of Grant Fondo in Silicon Valley

Tuesday, June 25, 2013

Goodwin Procter, a national Am Law 50 firm, announced today that Grant P. Fondo has joined the firm’s Silicon Valley office as a partner in its Securities Litigation & White Collar Defense Group. Fondo comes to Goodwin from the U.S. Attorney’s Office for the Northern District of California, where he served as an Assistant U.S. Attorney in its Criminal Division for nearly five years. He will focus on representing technology, life sciences and venture capital clients in a wide range of litigation and investigative matters.

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Tags:  Goodwin Procter LLP | Silicon Valley

Po Yi Joins Venable as Partner in Firm’s Top-Ranked Advertising and Marketing Practice

Tuesday, June 25, 2013

Adding a major talent to its top-ranked Advertising and Marketing group, Venable LLP announced that Po Yi, formerly Vice President and Chief Advertising Counsel for American Express and an authority on branded content, sponsorship, media integration, and digital and social media marketing, has joined the firm as a partner in the New York office.

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Tags:  Venable LLP | New York