Allen & Overy is advising SINOPEC Engineering (Group) Co., Ltd. (“SINOPEC Engineering”) on its landmark (approximately) USD2 billion initial public offering (IPO) and listing on the Hong Kong Stock Exchange, Hong Kong’s largest IPO so far in 2012. The firm’s Hong Kong office has a strong track record in advising on sizeable IPOs for Chinese state-owned enterprises, having advised Agricultural Bank of China on its USD22.1bn IPO in 2010.
Tags: Allen & Overy LLP | Hong Kong
The Firm is representing Blackstone Real Estate Partners VII (Blackstone) in connection with the sale of a portfolio of prime shopping centers to DDR Corp. from its existing joint venture with DDR Corp. for $1.46 billion. The joint venture between Blackstone and DDR currently owns 44 shopping centers. DDR has executed a purchase and sale agreement to acquire Blackstone’s 95% common equity ownership interest in 30 of these shopping centers. The 14 shopping centers not being acquired will remain in the venture owned 95% by Blackstone and 5% by DDR. The deal is expected to close in the fourth quarter of 2013 and is subject to customary closing conditions.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm represented Deutsche Bank Cayman Islands Branch as one of the controlling shareholders and a holder of senior notes of Coinmach Service Corp. in the $1.4 billion acquisition of Coinmach by Pamplona Capital Management LLP. Coinmach is the biggest laundry-equipment service provider in the United States. Pamplona also acquired Air-Serv Group LLC, which provides car-tire inflation services in North America, in connection with the transaction.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented Seven Generations Energy Ltd. (“7G”) in connection with its Rule 144A and Regulation S offering of $400 million aggregate principal amount of 8.250% Senior Notes due 2020. 7G used the proceeds from the offering to fund its 2013 and 2014 capital development plans and for general corporate purposes.
Tags: Simpson Thacher & Bartlett LLP | New YorkButler, Snow, O’Mara, Stevens & Cannada, PLLC (Butler Snow) is pleased to announce David Lewis and George Crawford III have joined the Nashville, Tenn. office.
Skadden represented Citigroup Global Markets Inc. in connection with a $536.6 million registered underwritten secondary offering of common stock of General Growth Properties, Inc., a Delaware corporation (GGP), announced on May 7.
Tags: Skadden, Arps, Slate, Meagher & Flom LLP
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.
Tags: Baker McKenzie
David L. Burgert, a trial lawyer focused on patent disputes, has joined the Houston Office of global law firm Jones Day as a partner in the Intellectual Property Practice. He was formerly a partner at Houston’s Porter Hedges LLP.
Tags: Jones Day | Houston
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.
Tags: Norton Rose Fulbright | Singapore
Manatt, Phelps & Phillips, LLP, today announced that Steven R. Arnold has joined as a partner in the Financial Services and Banking Practice. Arnold comes to Manatt from Toyota Financial Services, where he served as managing counsel. He will be based in the firm’s Orange County office.
Tags: Manatt, Phelps & Phillips, LLP