Herbert Smith Freehills has advised China Petroleum & Chemical Corp (“Sinopec Corp.”) on the Hong Kong and US aspects of its US$3.1 billion (HK$23.97 billion) private placement of new H-shares. The new shares will be listed on the Hong Kong Stock Exchange (“HKSE”) on or about 14 February, 2013. It will be the largest equity transaction in Asia so far this year, and Sinopec Corp.’s first major equity offering since its IPO in 2000.
Tags: Herbert Smith Freehills LLP | Beijing
Allen & Overy has acted for the underwriting banks on the term loan facilities equivalent to around USD4.4 billion, a high yield bridge equivalent to around USD900 million, a senior secured note bridge equivalent to around USD2.3bn and other facilities for the financing of Liberty Global’s USD23.3bn cash and stock bid for Virgin Media.
Tags: Allen & Overy LLP
Nuclear Electric Insurance Limited (NEIL) will pay $835 million in claims to Progress Energy Florida, a subsidiary of Duke Energy, for repairs and power replacement costs stemming from the dormant Crystal River nuclear energy plant in Florida. The payout, under the terms of a mediator’s proposal, is the largest in NEIL’s history.
Tags: Pillsbury Winthrop Shaw Pittman LLP
The global law firm Jones Day has announced that its Amsterdam Office opened February 1 and will move to its offices at Museumplein 17 from its current temporary offices in April. As part of Jones Day Amsterdam’s official opening, the Firm also announced that Marcel van de Vorst and Marc Rijkaart van Cappellen have joined the new office as M&A partners.
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Hogan Lovells has closed two transactions for Macquarie Capital Securities Limited (“Macquarie”) for a combined value of over US$90 million in the past two weeks.
Tags: Hogan Lovells | Hong KongHogan Lovells counseled Dell Inc. on one of the largest going-private transactions in the technology industry. On 5 February, the computer giant officially announced the US$24.4 billion deal.
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The Firm recently represented Japan’s Aozora Bank in connection with the secondary offering of 591,250,000 shares of common stock by Cerberus NCB Acquisition, L.P., which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥133 billion (US$1.5 billion) for the selling shareholder. Citigroup, Morgan Stanley, Goldman Sachs and Barclays acted as joint international managers for the offering.
Tags: Simpson Thacher & Bartlett LLP | TokyoSimpson Thacher represented Australia and New Zealand Banking Group Limited, BNP Paribas Securities Corp., Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, Merrill Lynch International and Mizuho Securities USA Inc. as joint bookrunners and Shinhan Asia Limited and Shinhan Investment Corp. as joint lead managers, in connection with the offering of US$350 million 1.875% Notes due July 30, 2018 by Shinhan Bank under its $6,000,000,000 global medium term note program in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, as amended.
Tags: Simpson Thacher & Bartlett LLP | Hong Kong
International law firm McDermott Will & Emery LLP represented ROI Acquisition Corp. (“ROI”) (NASDAQ: ROIQ; ROIQW; ROIQU), a special purpose acquisition company (SPAC), in connection with the execution of a merger agreement for its business combination transaction in which ROI will acquire EveryWare Global, Inc. (“EveryWare”). ROI is sponsored by an affiliate of the Clinton Group, which is an established private equity and public equity investor in the consumer sector, and the restaurant industry in particular.
Tags: McDermott Will & Emery LLP | New York
Vedder Price is pleased to announce that Brett Heinrich has joined the firm’s Environmental practice as a Shareholder in the Chicago office.
Tags: Vedder Price P.C.