Akin Gump Strauss Hauer & Feld LLP has advised VimpelCom Holdings B.V. on a $2 billion Eurobond financing, including a RUB 12 billion tranche and two dollar-denominated tranches totalling $1.6 billion. VimpelCom Holdings is an indirect wholly owned subsidiary of VimpelCom Ltd., one of the world’s largest integrated telecommunications services operators. The transaction closed today, February 13, 2013.
Tags: Akin Gump Strauss Hauer & Feld LLP | Moscow
BakerHostetler announced today that Amy J. Traub has joined the firm’s Employment and Labor Group as a Partner in its New York office. She comes to BakerHostetler from Epstein Becker & Green, P.C.
Tags: Baker & Hostetler LLP | New York
Weil advised General Electric (GE) in connection with the sale to Comcast of its remaining 49 percent stake in NBCUniversal, NBCUniversal’s floors in 30 Rockefeller Center, and CNBC’s headquarters for $18.1 billion. Under the terms of the transaction, GE will sell its 49 percent stake in its joint venture with Comcast, which includes NBCUniversal, for $16.7 billion. In addition, GE Capital will sell NBCUniversal’s floors in 30 Rockefeller Center as well as CNBC’s headquarters in Englewood Cliffs, New Jersey to affiliates of NBCUniversal for $1.4 billion. The transaction has been approved by the boards of directors of both GE and Comcast.
Tags: Weil, Gotshal & Manges, LLP | New York
Kirkland & Ellis LLP announced today that Daniel P. Meehan has returned to the Firm’s Chicago office as a partner in the Tax Practice Group. A former tax associate in Kirkland’s Chicago office, Mr. Meehan rejoins the Firm from the New York office of Cooley LLP, where he was the firmwide chair of Cooley’s tax practice group. Mr. Meehan’s practice focuses on the tax aspects of private fund formation, private equity transactions and M&A.
Tags: Kirkland & Ellis LLPKirkland & Ellis represents 3G Capital, which along with Berkshire Hathaway, announced today its agreement to acquire H.J. Heinz Company in a transaction valued at approximately $28 billion, the largest ever in the food industry. The transaction is subject to approval by shareholders, receipt of regulatory approvals and other customary closing conditions, and is expected to close in the third quarter of 2013.
Tags: Kirkland & Ellis LLP | New York
Loeb & Loeb LLP represented the special committee of the board of directors of Verint Systems Inc., a provider of analytic software solutions for the security and business intelligence markets, in its acquisition of Comverse Technology Inc. The transaction, valued at approximately $960 million, was completed in February 2013. The all-stock deal eliminated Comverse’s majority ownership in and control of Verint following the spinoff by Comverse of its telecommunications business.
Tags: Loeb & Loeb LLP | New York
The Firm is representing AXIS Capital Holdings Ltd. (“AXIS Capital”) in connection with the sale by Stone Point Capital LLC’s Trident II, L.P. and related entities (“Trident”) of its remaining stake in AXIS Capital. AXIS Capital priced its secondary share offering of nearly 2.74 million shares at $39.50 per share, a value of approximately $108 million. Upon completion of this offering, Trident will no longer own any of AXIS Capital’s common shares.
Tags: Simpson Thacher & Bartlett LLP | New York
Dechert partner Paul T. Denis is leading a team serving as antitrust counsel to US Airways in its proposed merger with American Airlines that was announced today. The boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier, which will have an implied combined equity value of approximately $11 billion based on the price of US Airways’ stock as of February 13, 2013. The two firms will operate under the name American Airlines.
Tags: Dechert LLP
Dickinson Wright LLP is pleased to announce that Wendy Hulton has joined the firm as Partner.
Tags: Dickinson Wright PLLC
Davis Polk advised J.P. Morgan Securities LLC and Goldman, Sachs & Co. as initial purchasers in a Rule 144A offering by Accuray Incorporated of $100 million aggregate principal amount of its 3.50% convertible senior notes due 2018.
Tags: Davis Polk & Wardwell | Silicon Valley