The international law firm Weil, Gotshal & Manges LLP advised the Grohe Group, the world’s leading provider of sanitary fittings, on the increase of its shareholding in Joyou AG, the Chinese bathroom solutions provider listed in the Prime Standard of the Frankfurt Stock Exchange, to approximately 72.3 percent. As part of the realignment of the shareholder structure of Joyou AG, Messrs. Jianshe and Jilin Cai will trade their direct and indirect holdings in Joyou AG of approximately 36.5 percent for a stake in the Grohe Group.
Tags: Weil, Gotshal & Manges, LLPFish Adds Leading Litigator Thomas C. Frongillo as a Principal in its Commercial Litigation Group
Thomas C. Frongillo, head of the Litigation Practice at Weil, Gotshal & Manges LLP’s Boston office and Co-Chair of the firm’s national White Collar Defense & Investigations Practice Group, has joined Fish & Richardson as a Principal in its Commercial Litigation Group. Frongillo is a former Assistant United States Attorney for the District of Massachusetts with over 30 years of litigation experience. He will continue to represent clients in high-stakes white collar criminal prosecutions, corporate and regulatory investigations, and complex commercial litigation.
DLA Piper Represents Fibra Inn in US$318 Million Offering
DLA Piper represented Fibra Inn, Mexico’s fourth publicly traded REIT, in a combined offering, valued at approximately US$318 million. The offering consisted of an initial public offering in Mexico and an international offering in the United States to qualified institutional buyers under Rule 144A under the US Securities Act and in other countries outside of Mexico and the United States to certain non-US persons pursuant to Regulation S under the US Securities Act. Assuming exercise of the underwriters’ overallotment option, the total value of the offering will increase to approximately US$358 million.
Tags: DLA PiperDLA Piper Advises Prysmian on Its Placement of €300 Million Equity-linked Bonds
DLA Piper has advised Italian based company Prysmian S.p.A. on its placement of €300 million of 1.25% of equity-linked bonds to institutional investors, due in 2018. Prysmian is the world’s leading producer of high-technology cables and systems for the energy and telecommunications industries.
Tags: DLA PiperWomble Carlyle Team Closes $4 Billion Debt Component of Archstone Sale to AvalonBay/Equity Residential
Pam Rothenberg, Lisa Ruddy, Chris Iavarone, John Hagner, Stan Wrobel, Chris Bullock and Melissa M. Morgan helped complete the largest real estate transaction in the U.S. since 2007. The team represented AvalonBay Communities, Inc., which joined with Equity Residential in acquiring all of the assets and most of the liabilities of Archstone Enterprise LP from Lehman Brothers Holdings, Inc. Archstone was one of the largest developers and operators of apartment buildings in the country.
Tags: Womble Bond Dickinson tempJackson Walker Represents Holt CAT in Complex Financing Transactions
Jackson Walker L.L.P. successfully represented Holt Texas, Ltd., as borrower, in complex financing transactions totaling over $850 million. The transactions, which closed on Feb. 19, 2013, included $200 million in new credit and amending and renewing over $650 million in existing credit.
Tags: Jackson Walker, LLPVeteran Health Law Attorney Mike Bittman Joins Broad and Cassel
The Florida-based law firm Broad and Cassel is pleased to announce that veteran health law attorney Mike Bittman joins Broad and Cassel’s nationally-recognized Health Law Practice Group. With nearly three decades of experience, the board-certified health law attorney brings a reputation for integrity, depth and expertise to an already strong practice, which includes more board-certified attorneys than any other firm in the State of Florida. Based in Orlando, Bittman also adds a senior presence in the central part of the state, enhancing the firm’s statewide presence.
Paul Weiss – Liberty Media to Acquire 27% Stake in Charter Communications for $2.6 Billion
As has been widely reported in several news outlets including Bloomberg, Reuters and The Wall Street Journal, Charter Communications, Inc. and Liberty Media Corporation announced that Liberty Media has entered into a definitive agreement with investment funds managed by, or affiliated with, Oaktree Capital Management, Apollo Management and Crestview Partners. Paul, Weiss represented Oaktree in the transaction. The firm was first retained in 2008 to represent Oaktree and a committee of bondholders in restructuring Charter, so this transaction is the culmination of many years of work.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | New YorkSimpson Thacher Represents Underwriters in $1.5 Billion Offering of Medium-Term Notes by Nomura Holdings
Simpson Thacher recently represented the underwriters, led by Nomura Securities International, Inc., in an offering of $1.2 billion 2.00% Medium-Term Notes, Series A due 2016 and $300 million floating rate Medium-Term Notes, Series A due 2016 of Nomura Holdings Inc. The Notes are listed on the London Stock Exchange.
Tags: Simpson Thacher & Bartlett LLP | TokyoSimpson Thacher Represents MDC Partners Inc. in its $550 Million Senior Notes Offering and $225 Million Amended and Restated Revolving Credit Facility
Simpson Thacher represented MDC Partners Inc. (“MDC”) in connection with a Rule 144A/Regulation S offering of $550,000,000 aggregate principal amount of its 6.75% Senior Notes due 2020, fully and unconditionally guaranteed by all of its existing and future subsidiaries that guarantee its senior secured credit facility. MDC used the net proceeds of the offering to redeem all $425 million aggregate principal amount of its 11% senior notes due 2016, to pay accrued interest, related premiums, fees and expenses. Any remaining net proceeds will be used for general corporate purposes, including funding of deferred acquisition consideration. Simpson Thacher also represented MDC and certain of its subsidiaries in connection with the entry into an amended and restated $225,000,000 senior secured revolving credit facility. The notes offering and credit facility closed on March 20, 2013.
Tags: Simpson Thacher & Bartlett LLP | New York