Paul Hastings Advises GE Healthcare in Sale of GE Healthcare Strategic Sourcing to the Gores Group

Paul Hastings, a leading global law firm, announced today that the firm represented GE Healthcare, a unit of General Electric Company (NYSE: GE), in connection with the sale of GE Healthcare Strategic Sourcing, a leading provider of electronic billing and electronic medical records outsourcing solutions to the healthcare industry, to The Gores Group, a leading Los Angeles-based investment firm.

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Simpson Thacher Represents Riverstone Holdings LLC in Financing Supporting the Acquisition of Utex Industries, Inc.

The Firm is representing Riverstone Holdings LLC (Riverstone) in connection with the acquisition financing relating to the definitive agreement pursuant to which an affiliate of Riverstone has agreed to acquire Utex Industries, Inc. (Utex) from investment funds affiliated with Rhône Capital L.L.C. (Rhone). Terms of the transaction were not disclosed. The transaction is subject to certain regulatory approvals and is expected to close in April 2013.

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Ashurst Advises on IPP3 Power Project in Jordan

Ashurst advised the funders on the successful development and financing, by a consortium of Korea Electric Power Corporation (KEPCO), Mitsubishi Corporation and Wartsila, of the approximately US$ 800 million IPP3 independent power project in the Hashemite Kingdom of Jordan, which reached financial close on 7 March 2013. Ashurst acted as international legal counsel to the ECAs, The Export-Import Bank of Korea (K-EXIM), Nippon Export and Investment Insurance (NEXI) and the commercial lenders, The Bank of Tokyo-Mitsubishi UFJ Ltd., KfW IPEX-Bank GmbH, Mizuho Corporate Bank Ltd, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation.

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Hogan Lovells Advises SCOR in Major Transaction in Spain

Hogan Lovells has advised leading reinsurer SCOR on the value in force (VIF) reinsurance of the individual life insurance business portfolio of BBVA Seguros, the life insurance subsidiary of Spanish bank BBVA.  It is the largest deal of its kind to have been put in place in Spain.

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