Simpson Thacher Represents Silver Lake Sumeru in Connection with Announced Merger of Power-One and ABB

Tuesday, April 23, 2013

The Firm is representing Silver Lake Sumeru in connection with the announced merger of Power-One, Inc. (NASDAQ: PWER) and ABB Ltd (NYSE: ABB). Investment funds affiliated with Silver Lake Sumeru own common stock and convertible preferred stock representing, on an as-converted basis, approximately 33% of the outstanding equity securities of Power-One. Under the terms of the merger agreement, ABB will acquire all of the issued and outstanding shares of Power-One for $6.35 per share in cash, which represents an equity value of approximately $1.028 billion. The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the second half of 2013.

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Tags:  Simpson Thacher & Bartlett LLP | Silicon Valley

Allen Matkins Represents Content Partners in Acquisition of Hit Television Franchise “CSI”

Tuesday, April 23, 2013

Allen Matkins, a California-based full service business and real estate law firm, served as legal counsel for Content Partners in the entertainment finance investment fund’s March 2013 acquisition of a 50 percent interest in the three series comprising the hit television franchise “CSI” (“CSI: Las Vegas,” “CSI: New York” and “CSI: Miami”). Content Partners acquires interests and participations in completed entertainment properties, including motion pictures and television series.

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Tags:  Allen Matkins Leck Gamble Mallory & Natsis LLP | Los Angeles

Kirkland & Ellis Represents CVC on Financing for Acquisition of Ista International

Tuesday, April 23, 2013

Kirkland & Ellis International LLP advised CVC Capital Partners on the financing for CVC’s acquisition of Germany’s ista International GmbH. Ista offers energy management services to increase the energy efficiency of buildings. The financing is expected to include an aggregate of €2.3 billion of senior secured bank debt, senior secured high-yield bonds and senior unsecured high-yield bonds. The transaction is expected to close by mid year and will be Germany’s largest private equity deal in five years.

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Tags:  Kirkland & Ellis LLP

Man Group General Counsel Stephen Ross to Join Sidley Austin LLP London Funds Group

Tuesday, April 23, 2013

Sidley Austin LLP announced that funds lawyer Stephen Ross will join the firm as a partner, and will co-head London’s Investment Funds group, part of the firm’s global Investment Funds practice. Mr. Ross will join Sidley from his position as Group General Counsel of London-based Man Group PLC, the world’s second largest hedge fund manager. Before arriving at Man in 2004, Mr. Ross was co-head of the Private Funds Group of a Magic Circle law firm.

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Tags:  Sidley Austin LLP

Appleby Advised CNPC General Capital Limited in Relation to a US$2 Billion Notes Issuance

Tuesday, April 23, 2013

Appleby acted as British Virgin Islands counsel for CNPC General Capital Limited, a subsidiary of China National Petroleum Corporation, the largest integrated oil and gas company in the PRC, in relation to the issuance of guaranteed senior notes due 2016, 2018 and 2023, respectively, in an aggregate principal amount of US$2 billion. This is CNPC’s biggest overseas bond to date.

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Tags:  Appleby