Herbert Smith Freehills Advises Aberdeen Asset Management on Its 50.1% Stake Acquisition of SVG Advisors

Monday, February 18, 2013

Herbert Smith Freehills has advised Aberdeen Asset Management PLC on its acquisition of a 50.1% stake in SVG Advisors, a subsidiary of SVG Capital plc. This business will be combined with Aberdeen’s existing private equity capabilities to create a substantial private equity fund of fund business. The transaction forms part of Aberdeen’s strategy to acquire smaller businesses to enhance and accelerate the Group’s own organic growth. Following the acquisition, Aberdeen’s private equity fund of fund business will have almost £5 billion in assets under management.

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Tags:  Herbert Smith Freehills LLP

Davis Polk Advises the Artio Global Investors’s Strategic Review Committee of Independent Directors in connection with Artio Global’s Acquisition by Aberdeen Asset Management

Monday, February 18, 2013

Davis Polk is advising Artio Global Investors Inc.’s Strategic Review Committee of independent directors in connection with Artio Global’s acquisition by Aberdeen Asset Management PLC for $2.75 in cash per share. The transaction, which is expected to close by the end of the second quarter or early in the third quarter of 2013, is subject to customary closing conditions, including U.S. antitrust approval, approval of a majority of Artio Global shareholders and approval of certain Artio Global mutual fund boards and shareholders.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk Advises Delphi on $800 Million Senior Notes Offering

Monday, February 18, 2013

Davis Polk advised Delphi Corporation in connection with an SEC-registered offering of $800 million aggregate principal amount of its 5% senior notes due 2023. The notes are guaranteed by Delphi Automotive PLC, the parent company of Delphi Corporation, and certain of its subsidiaries. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated, Deutsche Bank Securities Inc., Barclays Capital Inc., Citigroup Global Markets Inc. and Goldman, Sachs & Co. acted as joint book-running managers for the offering. Delphi intends to use the net proceeds from the offering to repay a portion of the term loan indebtedness outstanding under its revolving credit facility, and for general corporate purposes.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk – Airgas, Inc. $600 Million Notes Offering

Monday, February 18, 2013

Davis Polk advised Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as joint book-running managers and representatives of the underwriters on an SEC-registered public debt offering by Airgas, Inc. of $325 million principal amount of its 1.65% notes due 2018 and $275 million principal amount of its 2.375% notes due 2020.

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Tags:  Davis Polk & Wardwell LLP | Silicon Valley

White & Case Advises WPD Group on Financing the Butendiek Offshore Wind Farm

Monday, February 18, 2013

Global law firm White & Case LLP has advised Bremen-based wpd group on the financing of the Butendiek offshore wind farm. The overall investment amounts to approximately €1.3 billion. The wind farm is situated in the German North Sea, some 30km west of the island of Sylt, and has 80 Siemens turbines providing a total capacity of 288 MW. The wpd group is project developer and shareholder, besides an investor group consisting of Marguerite Fund, Siemens Project Ventures, Industriens Pension and PKA.

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Tags:  White & Case LLP