Davis Polk is advising Crestview Partners on its $246 million acquisition of Victory Capital Management Inc. from KeyCorp. The transaction, which is subject to receipt of regulatory approvals and other customary closing conditions, is expected to close in the third quarter of 2013.
Tags: Davis Polk & Wardwell LLP | New York
The Firm is representing Best Buy Co., Inc. (NYSE: BBY) in connection with the announced agreement by Citigroup to purchase from Capital One Financial Corporation (NYSE: COF) and issue and manage for Best Buy the $7 billion portfolio of Best Buy-branded private label and co-branded credit cards in the United States. The transaction is subject to customary conditions.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented JPMorgan Chase Bank, N.A. as administrative agent in connection with a $375 million senior secured term loan facility and a $225 million asset-based loan facility for Beechcraft Holdings, LLC in its emergence from Chapter 11 bankruptcy.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher represented Infinis plc (“Infinis”), in connection with the issue by Infinis of £350 million aggregate principal amount of 7.0% Senior Notes due 2019. The notes are secured by a first-priority security interest in the share capital of Infinis. The net proceeds of the offering have been used to repay Infinis’ outstanding £275 million senior notes due 2014 and for other corporate purposes. Additionally, Simpson Thacher represented Infinis Energy Holdings Limited (the immediate parent of Infinis) in connection with a new secured revolving credit facility.
Tags: Simpson Thacher & Bartlett LLPThe Firm is representing Office Depot, Inc. (NYSE: ODP) in connection with its announced merger with OfficeMax Incorporated (NYSE: OMX). Under the terms of the merger agreement, the companies will be combined in an all-stock merger of equals transaction. The transaction is subject to stockholder approval from both companies, the receipt of regulatory approvals and other customary closing conditions, and is expected to close by the end of calendar year 2013.
Tags: Simpson Thacher & Bartlett LLP | New York
Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (Ogletree Deakins), one of the largest labor and employment law firms representing management, is pleased to welcome Elizabeth “Liz” Dougherty as a shareholder in its Washington D.C. office. Dougherty will formalize and lead Ogletree Deakins’ new Airline and Railway Practice Group and will be active in supporting the firm’s Governmental Affairs Practice Group based in the Washington D.C. office.
Tags: Ogletree Deakins
Herbert Smith Freehills advised PetroChina on its acquisition of an interest in two Western Australian exploration assets from ConocoPhillips.
Tags: Herbert Smith Freehills LLP | Hong Kong
Vnesheconombank (VEB), the Russian state development bank, today closed a EUR 1.5 billion offering of Eurobonds. The offering was structured as a EUR 1 billion tranche of 5-year bonds and a EUR 500 million tranche of 10-year bonds. Each tranche of bonds was issued by VEB Finance plc, an Irish special purpose vehicle, for the purpose of funding a loan to VEB. The proceeds of the offering will be used by VEB for general corporate purposes.
Tags: Morgan, Lewis & Bockius LLP | MoscowInternational Finance Corporation (IFC), a member of the World Bank Group, and the IFC African, Latin American and Caribbean Fund (IFC ALAC Fund), today announced a joint $100 million equity investment to help Cayman-based InterEnergy Holdings (IEH), owner and operator of power generation and distribution assets in Latin America and the Caribbean, to develop cleaner and more efficient energy sources in the Caribbean and expand operations in Latin America. IFC and the IFC ALAC Fund will each provide $50 million in equity to IEH.
Tags: Morgan, Lewis & Bockius LLP | New YorkA new partner appointment at Shoosmiths has added commercial litigation expertise to its Manchester office.
