Kirkland & Ellis represents the Special Committee of the board of directors of WSP Holdings Limited (NYSE: WH) in its merger agreement announced on February 21, 2013, with WSP OCTG GROUP Ltd., a company owned by H.D.S. Investments LLC. The transaction contemplated under the merger agreement represents a total transaction value of approximately $893.6 million, including the assumption of the outstanding debt of WSP Holdings Limited.
Tags: Kirkland & Ellis LLP | Hong KongKirkland & Ellis LLP advised Golden Gate Capital on the sale of its portfolio companies Vistec Lithography, Inc. and Vistec Lithography B.V. to Raith GmbH. The transaction was signed and closed on 15 February 2013. The value of the transaction is confidential.
Tags: Kirkland & Ellis LLPTelephone and Data Systems, Inc. [NYSE:TDS], the parent company of TDS Telecommunications Corp., has announced an agreement to acquire substantially all of the assets of Baja Broadband for a purchase price of $267.5 million. Edwards Wildman advised Baja Broadband in the transaction. This acquisition will support TDS Telecom’s broadband and video growth strategy. Baja Broadband is a full-service telecommunications company that provides high-speed broadband and voice services to residential and commercial customers in Colorado, New Mexico, Texas and Utah. The deal team was led by Jeff Hardin, a partner in Edwards Wildman’s Business Law Department in Washington, DC, and Bob Baute and Devin Fargnoli, associates in the firm’s Providence office.
Thomas Trimm, a standout in the legal community with more than 30 years of experience, has joined Dinsmore’s Pittsburgh office as a partner in the Public Finance Practice Group. He previously practiced in the Pittsburgh office of Pepper Hamilton LLP.
Tags: Dinsmore & Shohl LLP
Mark Sommer and Patrick Northam have joined Frost Brown Todd, resident in the firm’s Louisville office. Mark Sommer has an enormous reputation serving as counsel to Fortune 500 companies in navigating regional state tax and incentives issues. Patrick Northam is a top-notch corporate legal advisor to local, regional and national businesses, including numerous energy service companies. With the addition of these two seasoned attorneys, Frost Brown Todd expands upon its services to provide a one-stop shop for clients looking to take advantage of regional state tax and incentives and clients seeking counsel on complex corporate and transactional matters, including those in the growing energy industry. Both Sommer and Northam were in senior leadership roles of a major law firm in Louisville, KY.
Tags: Frost Brown Todd LLPKevin Gibbs, Partner, is joining our Planning and consents team. Joining from DAC Beachcroft, Kevin’s arrival represents yet more investment in senior lateral hires that support the continuing expansion of the team and the firm’s plans for growth. Anthony McNamee and Paul Bennett planning lawyers have also recently joined.
Paul, Weiss clients PJ Solomon and Morgan Stanley acted as joint financial advisers to Office Depot in its agreement to merge with OfficeMax for $1.2 billion. Terms of the deal call for Boca Raton, Florida-based Office Depot to issue 2.69 shares for each share of OfficeMax, valuing the smaller company at $13.50 per share. Naperville, Illinois-based Officemax will have the ability to pay dividends of up to $131 million, or $1.50 per share, before closing.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | New York
Ashurst has advised Concord Energy Pte Ltd and its affiliates on the sale of a 50% interest in Fujairah Oil Terminal FZC (“FOT“) to Sinomart KTS Development Limited, which completed on 3 January 2013 and FOT on the USD 251,860,000 limited recourse financing of the project, provided by a syndicate of six international banks. The financing closed on 13 February 2013.
Tags: Ashurst | Singapore
Covington & Burling advised The Hut Group Limited, one of Europe’s fastest growing online retailers and brand owners, on an equity fundraising in line with its category expansion strategy.
Tags: Covington & Burling LLP
Duane Morris & Selvam LLP (DM&S) is pleased to announce that Sarbjit Singh Chopra has joined DM&S constituent firm Selvam LLC in Singapore. The addition of Chopra as a director and co-head of the Litigation Department grows the capacity of the litigation practice in Singapore. Chopra joins from Lim & Lim LLC in Singapore.
Tags: Duane Morris LLP | Singapore