Greenberg Traurig Advises on Historic Initial Public Offering of a U.S. Company on KOSDAQ in The Republic of Korea

Monday, June 10, 2013

On May 30, 2013, Access Bio, Inc., a New Jersey corporation (“Access Bio”), successfully listed Korean Depositary Shares (KDSs), representing the shares of the common stock of Access Bio and evidenced by Korean Depositary Receipts, on the KOSDAQ Market of the Korea Exchange. Access Bio was formed in 2001 to develop, manufacture and distribute in vitro diagnostics test kits for the detection of genetic diseases worldwide. The initial public offering (IPO), valued over 22,888,431,000 million won (approx. US$20.2million), was only the second IPO by a U.S. corporation in The Republic of Korea and the first IPO by a U.S. corporation through the offering of KDSs. The IPO comprised 5,086,318 shares of common stock of Access Bio in a public offering in The Republic of Korea in reliance on Regulation S of the United States Securities Act of 1933, as amended.

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Tags:  Greenberg Traurig, LLP

Simpson Thacher Represents Blackstone in its R$1.4 Billion Acquisition of 70% Stake in Brazilian Residential Developer Alphaville

Monday, June 10, 2013

The Firm is representing an affiliate of Blackstone Real Estate Partners VII (Blackstone) in connection with the announced acquisition, along with its Brazilian partner Pátria Investimentos, of 70% of the share capital of Alphaville Urbanismo S.A. (“Alphaville”) from Gafisa S.A. (“Gafisa”) for approximately R$1.4 billion (approximately US$665 million), valuing Alphaville at an equity value of approximately R$2 billion. The remaining 30% of the share capital of Alphaville will remain with Gafisa. The transaction is expected to close in the second half of 2013 and is subject to customary closing conditions, including the approval by Brazilian antitrust authorities.

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Tags:  Simpson Thacher & Bartlett LLP | Sao Paulo

Simpson Thacher Represents Underwriters in $850 Million Notes Offering, Related Tender Offer and Consent Solicitation by Concho Resources Inc.

Monday, June 10, 2013

Simpson Thacher advised the underwriters on an $850 million debt offering by Concho Resources Inc. (“Concho”). BofA Merrill Lynch, Barclays, Citigroup, J.P. Morgan and Wells Fargo Securities were the joint book-running managers for the offering. A portion of the net proceeds from the offering were used to finance the cash tender offer for $300 million of Concho’s outstanding notes. Concho intends to use the remaining net proceeds to repay borrowings under its credit facility and for general corporate purposes.

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Tags:  Simpson Thacher & Bartlett LLP | New York