Jackson Walker L.L.P. has significantly expanded its Bankruptcy practice with the addition of partners Michael S. Held from Hunton & Williams L.L.P. and Monica S. Blacker from Andrews Kurth LLP. Mr. Held and Ms. Blacker bring significant experience and expertise to the firm, adding strength to a practice group distinguished by its sophisticated, solution–oriented approach to serving clients in all types of bankruptcy and workout matters.
Tags: Jackson Walker, LLP | Dallas
A multi-disciplinary and global team of Dechert lawyers is representing Buckeye Technologies in its sale to Georgia Pacific LLC. The two companies announced today that they have reached a definitive agreement for Georgia-Pacific to acquire all of the outstanding shares of Buckeye Technologies’ common stock for $37.50 per share in cash. The transaction, subject to completion, is valued at approximately $1.5 billion, including debt. Under the terms of the agreement, which has been unanimously approved by both companies’ boards of directors, stockholders of Buckeye Technologies will receive $37.50 in cash per share, representing a premium of approximately 29 percent based on the average closing price of Buckeye Technologies’ common stock over the last week.
Tags: Dechert LLP
Covington & Burling advised Sura Asset Management S.A. and AFP Integra S.A., affiliates of the Latin American financial group Grupo de Inversiones Suramericana, in a joint acquisition with Profuturo AFP S.A., an affiliate of The Bank of Nova Scotia, of 100 percent of the shares of AFP Horizonte, S.A., the Peruvian pension fund manager, from the Spanish bank Banco Bilbao Vizcaya Argentaria S.A. and other shareholders.
Tags: Covington & Burling LLP | New York
International law firm Freshfields Bruckhaus Deringer has advised Hong Kong listed company Yingde Gases Group Company on its issuance of US$300 million 8.125% unsecured senior notes due 2018. The notes, issued through its wholly-owned subsidiary, have received ratings from various credit rating agencies and are listed on the Hong Kong Stock Exchange. Yingde Gases Group Company engages in the production and sales of industrial gases and was China’s largest independent on-site industrial gas supplier in terms of revenue in 2012.
Tags: Freshfields LLP | Beijing
The Firm recently represented Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., as initial purchasers, in a US$1.0 billion offering of 5.875% Amortizing Notes due 2024 issued by The Dominican Republic. The sovereign debt offering was conducted in reliance on Rule 144A and Regulation S and was the largest bond offering to date by the Dominican Republic.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher is representing Blackstone in connection with its acquisition of Strategic Partners, Credit Suisse’s dedicated secondary private equity business with $9 billion in assets under management. The transaction is subject to customary closing conditions and is expected to close by the end of the third quarter 2013. The terms of the deal were not disclosed.
Tags: Simpson Thacher & Bartlett LLP
Baker & McKenzie announces that Christian Alejandro López-Silva joined the Firm as the head of its Pharmaceutical and Life Sciences legal practice. Dr. López-Silva brings more than 14 years of experience to the Mexican offices of the Firm where he will coordinate the various practices that are focused on the Pharmaceutical and Life Sciences industry, enriching with his experience the multidisciplinary team of professionals serving important companies in this industry in Mexico.
Tags: Baker McKenzie | Mexico CityBaker & McKenzie recently acted for the Saudi Binladin Group in relation to a SAR 1.3 billion (US$347 million) sukuk al-ijara issued by SBG Sukuk Limited as an exempt offering in the Kingdom of Saudi Arabia. The innovative sukuk structure benefits from security over prime real estate in Jeddah as well as a corporate guarantee from the Saudi Binladin Group.
Tags: Baker McKenzie
Paul Hastings, a leading global law firm, announced today that it represented Future Land Development Holdings Limited (“Future Land”), a leading Chinese property developer focused on developing quality residential and mixed-use projects and listed on the Hong Kong Stock Exchange, in a CNH high yield bond offering of senior notes (“Notes”) with an aggregate principal amount of RMB1.5 billion, due 2016.
Tags: Paul Hastings, LLP | Hong KongPaul Hastings, a leading global law firm, announced today that the firm represented Avalon Ventures, a San Diego-based venture capital fund, in its $495 million collaboration with global healthcare company GlaxoSmithKline (GSK) to fund and launch up to ten early-stage life sciences companies. While the technologies for the companies may come from anywhere in the world, the companies and their management and scientific teams will all be located in San Diego.
Tags: Paul Hastings, LLP