Cadwalader Advises Elan Corporation in Billion Dollar Royalty Deal

Tuesday, May 14, 2013

Cadwalader, Wickersham & Taft LLP, a leading counselor to global financial institutions and corporations, announced today that client Elan Corporation, plc, a biotechnology company headquartered in Ireland, will purchase from Theravance, Inc. a 21% participation interest in potential future royalty payments related to four respiratory programs partnered with GlaxoSmithKline plc: RELVAR™ ELLIPTA™/BREO™ ELLIPTA™, AORO™ ELLIPTA™, MABA (Bifunctional Muscarinic Antagonist-Beta2 Agonist) monotherapy (GSK961081) and vilanterol (VI) monotherapy. In exchange for the participation interest, Elan will make a one-time cash payment to Theravance of $1.0 billion.

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Tags:  Cadwalader, Wickersham & Taft LLP | New York

K&L Gates Advises Nabil Foods Founding Family on Strategic Partnership with The Carlyle Group

Tuesday, May 14, 2013

A Dubai-based team of lawyers from global law firm K&L Gates LLP has advised Jordan’s Rassam family on the sale of a significant minority interest in Al Nabil Food Industries Limited Company (“Nabil Foods”) to global alternative asset manager, The Carlyle Group (NASDAQ:CG). The transaction closed on May 13, 2013, and is the first significant investment by an international private equity house into Jordan.

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Tags:  K&L Gates LLP | Dubai

Davis Polk Advises CITIC Capital Partners on Its Acquisition of AsiaInfo-Linkage

Tuesday, May 14, 2013

Davis Polk is advising CITIC Capital Partners in connection with the $890 million going-private acquisition of Nasdaq-listed AsiaInfo-Linkage, Inc. by a consortium led by CITIC Capital Partners and that includes Edward Tian, a co-founder and significant stockholder of AsiaInfo-Linkage. The acquisition is subject to customary closing conditions, including receipt of required regulatory approvals and approval by AsiaInfo-Linkage’s stockholders.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong

Morgan Lewis Advises CREDIT BANK OF MOSCOW on First Ever Subordinated Eurobond Offering Under Russia’s New Basel III Regulation

Tuesday, May 14, 2013

CREDIT BANK OF MOSCOW, a privately-owned universal commercial bank operating in Moscow and the Moscow region, today closed a $500 million offering of 5.5-year subordinated Eurobonds with an interest rate of 8.70% p.a. The bonds were issued by CBOM Finance p.l.c., an Irish special purpose vehicle, for the purpose of funding a $500 million subordinated loan to CREDIT BANK OF MOSCOW.

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Tags:  Morgan, Lewis & Bockius LLP | Moscow

Veteran Land Use and Environmental Attorney Joins Cox Castle & Nicholson

Tuesday, May 14, 2013

Cox, Castle & Nicholson LLP is pleased to announce that prominent land use and environmental attorney David Waite has joined the firm’s Los Angeles office as a partner. Waite brings 20 years of experience to the firm’s nationally recognized real estate practice, with particular expertise in real estate development of infill sites and master-planned communities.

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Tags:  Los Angeles