Cravath represented the underwriters, led by Jefferies, BofA Merrill Lynch, and Citigroup, in connection with the US$125 million series A cumulative redeemable perpetual preferred shares of Sabra Health Care REIT, Inc., a real estate investment trust that owns and invests in real estate serving the healthcare industry. The transaction closed on March 21, 2013.
Tags: Cravath, Swaine & Moore LLP | New York
King & Wood Mallesons has acted for GE Capital Australia in relation to its proposed acquisition of the $400 million debtor finance loan book (and related assets) of Allianz Finance.
Tags: King & Wood Mallesons
Paul Hastings LLP, a leading global law firm, announced today that Sam Cooper has joined the firm as a partner with the Litigation practice in Houston. Mr. Cooper joins from Baker Botts LLP, where he was global co-chair of the White Collar and Corporate Investigations Group. He possesses diverse litigation and energy industry expertise, which will help reinforce the complex litigation, white-collar, Foreign Corrupt Practices Act (FCPA), investigations, and international arbitration capabilities at Paul Hastings.
Tags: Paul Hastings, LLP | HoustonPaul Hastings LLP, a leading global law firm, represented the initial purchasers in connection with the initial public offering by Fibra Inn on the Mexican Stock Exchange. Fibra Inn is the second lodging Real Estate Investment Trust (REIT) in Latin America and is the fifth publicly traded Mexican REIT to be created in the wake of a comprehensive legal overhaul in Mexico that created the “FIBRA”, a new Mexican investment vehicle, which bears many similarities to the U.S. REIT. The offering involved the issuance of approximately $300 million in Fibra Inn’s stock publicly on the Mexican Stock Exchange and internationally pursuant to Rule 144A and Regulation S. The initial purchasers involved in this transaction were Credit Suisse and Santander.
Tags: Paul Hastings, LLP | New York
The international law firm Greenberg Traurig, LLP said today that Charles J. Kolin and David J. LaSota have joined its Chicago office as shareholders in the Corporate & Securities Practice. Prior to joining the firm, Kolin and LaSota were partners with Chapman and Cutler LLP.
Tags: Greenberg Traurig, LLP
A Weil team led by Corporate Chairman Michael Aiello is advising real estate investment trust American Realty Capital Properties, Inc. (American Realty) in connection with its approximately $9 billion unsolicited offer (including assumption of debt) to purchase 100% of the outstanding common stock of Cole Credit Property Trust III, Inc. When completed, the transaction will create the largest publicly traded real estate investment trust in the net lease sector.
Tags: Weil, Gotshal & Manges, LLP | New YorkThe 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, LLPThomas 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 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 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 Piper