Baker & McKenzie Advises BMW on Public ABS Transaction in Switzerland

Baker & McKenzie acted as a transaction counsel for German and Luxembourg law on behalf of BMW (Switzerland) AG in the first public lease receivables securitisation in Switzerland under the issuing platform Bavarian Sky Europe S.A. Swiss law firm Homburger AG advised BMW on Swiss law. The transaction is listed on the SIX Swiss Exchange in Zurich and was rated with Class A notes by Fitch and S&P’s.

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Tags:  Baker McKenzie

Norton Rose Advises Standard Chartered Bank on the USD1.85 Billion Bridge Financing to SapuraKencana Drilling Pte. Ltd

Norton Rose advised Standard Chartered Bank as coordinating bank and other lenders on the USD1.85 billion bridge financing to SapuraKencana Drilling Pte. Ltd. as part of the USD2.9 billion acquisition comprising of both debt and equity elements by SapuraKencana of the Seadrill tender rig business involving 18 offshore rigs in total.

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Tags:  Norton Rose Fulbright | Singapore

Akin Gump Advises Kingston Technology Company in Agreement with Powerchip Technology Corporation

Akin Gump Strauss Hauer & Feld LLP represented Kingston Technology Company, Inc. in an agreement with Powerchip Technology Corporation, a Taiwanese public company, to acquire certain assets of Powerchip in a deal valued at approximately $200 million. Kingston Technology Company, Inc. simultaneously entered into a transaction pursuant to which Powerchip will provide foundry services to Kingston Technology Company, Inc. for a two-year period in a deal valued at approximately $380 million.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | Los Angeles

Davis Polk – Webster Financial Corporation Secondary Offering

Davis Polk advised Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC as the underwriters in an SEC-registered public offering of 8,744,850 shares of common stock, par value $0.01 per share, of Webster Financial Corporation, sold by Warburg Pincus Private Equity X, L.P. and Warburg Pincus X Partners, L.P., as the selling stockholders. The net proceeds from the offering totaled approximately $196.8 million.

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Tags:  Davis Polk & Wardwell LLP | New York

Holland & Knight Expands its Washington, D.C., Real Estate Practice with Addition of Prominent Condominium Lawyer

Douglas M. Irvin, considered one of the most highly respected condominium lawyers in the Washington, D.C., metropolitan area, has joined Holland & Knight as a partner in the firm’s Washington office. Mr. Irvin was most recently a partner at Mulrenin & Associates and, prior to his affiliation with that firm, he ran the condominium practice at Linowes and Blocher.

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Tags:  Holland & Knight LLP