A team of lawyers at Milbank, Tweed, Hadley & McCloy has represented the Maloof family, owners of the NBA’s Sacramento Kings and their home court Sleep Train Arena, in the sale of a 65% controlling interest in the team to a Sacramento-based investor group. The transaction valued the Kings at $534 million, a record price for an NBA franchise.
Tags: Milbank LLP | Los Angeles
Hunton & Williams LLP is pleased to announce it has added former federal prosecutor Laura Colombell Marshall as a partner in Richmond. Marshall was a senior member of the United States Attorney’s Office for the Eastern District of Virginia for more than 14 years. Marshall will focus on investigations, regulatory and civil enforcement and white collar criminal defense.
Tags: Hunton Andrews Kurth LLP
Cahill represented J.P. Morgan, Wells Fargo, Barclays and Citigroup as lead arrangers in connection with the $11.5 billion in credit facilities consisting of $9.5 billion of term loan facilities that were used to fund a portion of the consideration for the $23 billion leveraged buyout of H.J. Heinz by 3G Capital Partners Ltd. and Berkshire Hathaway Inc. and $2.0 billion of revolving credit facilities.
Tags: Cahill Gordon & Reindel LLP | New York
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.
Tags: Greenberg Traurig, LLPThe international law firm Greenberg Traurig LLP, has added shareholder David Oppenheim to its New Jersey and New York offices. Oppenheim’s practice will focus on franchising, transactional and regulatory matters.
Tags: Greenberg Traurig, LLP | New York
Reed Smith today announced the addition of L. Julius M. Turman as a partner in its Labor & Employment practice in the firm’s San Francisco office.
Tags: Reed Smith LLP | San Francisco
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.
Tags: Simpson Thacher & Bartlett LLP | Sao PauloSimpson 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.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and Barclays Capital Inc. in the issuance of $800 Million 2.050% Senior Notes due 2018 by Roper Industries, Inc.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm represented NXMH B.V.B.A., a wholly-owned subsidiary of NXC Corporation, in connection with its acquisition of BrickLink.com. BrickLink.com is a leading online trading website specializing in Lego products. Terms of the transaction were not disclosed.
Tags: Simpson Thacher & Bartlett LLP