Herbert Smith Freehills has advised the world’s largest integrated geothermal power producer, Philippines-based Energy Development Corporation (EDC) in relation to its joint venture with leading Canadian global renewable energy company, Alterra Power Corp (Alterra) for the development of four geothermal energy projects in Chile and Peru.
Tags: Herbert Smith Freehills Kramer LLP
Xellia Pharmaceuticals, a pharmaceutical group focusing on the development, manufacturing and global commercialization of anti-infective therapies, announced that Novo A/S, the holding company of the Novo Group, has entered into an agreement to purchase all shares of the group for approximately US $700 million from 3i and other current shareholders, as detailed in the company press release below. Closing of the transaction will be subject to relevant competition law approvals, and is expected to take place during the third quarter of 2013.
Tags: Latham & Watkins LLP | New York
Cahill represented Morgan Stanley as administrative agent and Morgan Stanley and Jefferies as arrangers in connection with the $240,000,000 Term B Loan for Alvogen Pharma US, Inc. Proceeds from the loan will be used for general corporate purposes and to refinance existing indebtedness.
Tags: Cahill Gordon & Reindel LLP | New York
Winston & Strawn LLP has announced that Matthew Durham will join the firm’s Shanghai office as a partner in its labor and employment practice. Mr. Durham was formerly a partner with Clyde & Co. where he was head of the employment team for mainland China and Hong Kong. The arrival of Mr. Durham expands Winston & Strawn’s labor and employment practice and is in line with the firm’s continued commitment to growth in Asia.
Tags: Winston & Strawn LLP | ShanghaiHerbert Smith Freehills has advised State Grid Corporation of China (State Grid) on a US$2 billion Rule 144A/Regulation S offering of senior guaranteed notes.
Tags: Herbert Smith Freehills Kramer LLP | Beijing
Attorneys at Rutan & Tucker, LLP, one of California’s oldest and largest full-service business law firms, recently scored a major victory for online retailer Buy.Com and its Rakuten.com Shopping website, in a class action complaint seeking more than $500 million in statutory damages.
Tags: Rutan & Tucker, LLP
Simpson Thacher is representing Danone Asia Pte. Ltd. (“Danone”) in connection with the formation of joint ventures with Inner Mongolia Mengniu (Group) Co., Ltd. (“Mengniu”) for chilled yoghurt and related products in China. Mengniu will own an 80% equity interest and Danone 20% in the joint ventures. The joint ventures are subject to customary closing conditions, including obtaining anti-monopoly clearance and other regulatory approvals. In addition, an affiliate of Danone will form a joint venture with an affiliate of COFCO Corporation (“COFCO”), the largest shareholder of China Mengniu Dairy Company Limited (“Mengniu Listco”), a Hong Kong listed company and the parent of Mengniu. COFCO will transfer its holding of 8.33% of the outstanding shares of Mengniu Listco to the joint venture and Danone, by subscribing to 49% of the shares of the joint venture, will become an indirect owner of approximately 4% of the outstanding shares of Mengniu Listco. Danone will invest a total of approximately $420 million in the two transactions.
Tags: Simpson Thacher & Bartlett LLP | BeijingThe Firm represented the underwriters, led by Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, in connection with a registered offering by Kimberly-Clark Corporation (“Kimberly-Clark”) of notes in $850 million aggregate principal amount.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, in an offering of $550 million in aggregate principal amount of 2.375% Senior Notes due 2018 and $550 million in aggregate principal amount of 3.750% Senior Notes due 2023 by Total System Services, Inc. (“TSS”).
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented the initial purchasers, led by joint book-running managers, J.P. Morgan Securities LLC, Jefferies LLC and Deutsche Bank Securities Inc., in the sale of an aggregate principal amount of $325 million 11.0% Senior Secured Notes due 2018 by Magnetation LLC (“Magnetation”) and Mag Finance Corp. The Firm also represented JPMorgan Chase Bank, N.A., as administrative agent, and J.P. Morgan Securities LLC, as sole lead arranger and sole bookrunner, in connection with a new $50 million senior secured revolving credit facility for Magnetation. The notes and the credit facility obligations are both guaranteed on a senior secured basis by each of Magnetation’s existing and future direct and indirect domestic subsidiaries, other than, in respect of the notes, Mag Finance Corp.
Tags: Simpson Thacher & Bartlett LLP | New York