Global law firm Proskauer represented The Light Group and its founders in The Light Group’s agreement to be acquired by The Yucaipa Companies, LLC, from the Morgans Hotel Group Company.
Tags: Proskauer Rose LLP | New York
Willkie Advises on $878 Million Deal to Take Private American Greetings Corporation
On April 1, card maker American Greetings Corporation announced that it has signed a definitive agreement to go private in a deal valued at $878 million. Willkie represented Peter J. Solomon Company, financial advisor to the Special Committee of the Board of Directors of American Greetings, in the transaction. The buyout will be made by a newly organized entity owned by the Weiss Family, which founded the company in 1905. The buyout group includes the company’s Chairman, Morry Weiss; Director and Chief Executive Officer, Zev Weiss; and Director, President and Chief Operating Officer, Jeffrey Weiss and related persons and entities. The deal also provides for a $240 million investment by a subsidiary of Koch Industries. Under the agreement, American Greetings Class A and Class B shareholders, excluding the Weiss Family and related entities, will receive $18.20 per share in cash.
Tags: Willkie Farr & Gallagher LLP | New York
HWL Ebsworth Secures Leading Building & Construction and Property Team
HWL Ebsworth has today announced that a significant Building & Construction and Property team has joined the firm’s Sydney office from Herbert Geer.
Tags: HWL Ebsworth
Patton Boggs LLP Opens Dubai Office, Strengthens Presence, Expands Service Offerings in MENA Region
Patton Boggs LLP has strengthened its presence in the Middle East and North Africa (MENA) region with the opening of a permanent office in Dubai, United Arab Emirates (U.A.E.). Patton Boggs now boasts four offices in the MENA region: in addition to the new Dubai location, the firm maintains offices in Doha, Qatar; Abu Dhabi, U.A.E. and an affiliate office in Riyadh, Saudi Arabia.
Tags: Squire Patton Boggs | Dubai
Holland & Knight Expands Middle East Presence, Hires Oliver Agha to Head Islamic Finance Practice
Holland & Knight is pleased to announce that Oliver Agha has joined the firm as a partner and will head its Islamic finance and Middle East and North Africa (MENA) practices. Mr. Agha’s addition will strengthen the firm’s presence in the Middle East and bolster the firm’s banking and finance, infrastructure, and real estate capabilities in the region.
Tags: Holland & Knight LLP
Leading US and Cross-border Litigator Cedric Chao Joins DLA Piper in San Francisco
DLA Piper announced today that Cedric Chao has joined the firm’s Litigation practice as a partner in the San Francisco office.
Tags: DLA Piper | San Francisco
Baker & McKenzie Advises Shinsei Bank on Its JPY1.6 Billion Loan to Finance a 5.5 MW Mega Solar Project
Baker & McKenzie (Gaikokuho Joint Enterprise) advised Shinsei Bank on its JPY 1.6 billion loan to JAG Energy Co.,Ltd. (“JAG”), a group company of Japan Asia Group Limited. JAG is constructing five mega solar power facilities in Hokkaido which can generate a total output of approximately 5.5 MW.
Tags: Baker McKenzie | Tokyo
Antitrust Partners Bill Blumenthal and Ken Glazer Joining Sidley Austin LLP in Washington D.C.
Sidley Austin LLP announced today that William Blumenthal, a former General Counsel of the Federal Trade Commission, and Kenneth L. Glazer, a former Deputy Director of the Bureau of Competition at the Federal Trade Commission, will be joining Sidley as partners in the Washington, D.C. office. Karen Kazmerzak, formerly an attorney with the Bureau of Competition, also will be joining the firm as counsel.
Tags: Sidley Austin LLP
Fox Rothschild Expands Florida Presence
In a move that broadens its reach in Florida and bolsters its services to clients with international interests, Fox Rothschild LLP welcomes partner Raul J. Valdes-Fauli, who will spearhead the opening of a Coral Gables location for the firm.
Tags: Fox Rothschild LLP
Milbank Represents Lead Managers in $2B Financing for Sadara Chemical Compound
Sadara Basic Services Company today issued a SAR 7.5 Billion (equivalent to US$2 billion) project sukuk to help finance the construction of Sadara Chemical Company’s (Sadara) US$19.1 billion chemical and plastic production complex in Jubail Industrial City II, Saudi Arabia. Sadara, a joint venture between The Dow Chemical Co. and Saudi Arabian Oil Co., received approval for the sukuk issuance from the Capital Market Authority of Saudi Arabia last month and launched the issuance on March 13th. The sukuk certificates have a 15.75-year term with the investors expected to receive return of 6 month SAIBOR plus a margin. The sale was limited to Saudi nationals or established companies holding a commercial registration number with the Ministry of Commerce and Industry of Saudi Arabia.
Tags: Milbank LLP