International law firm Pinsent Masons has boosted its Life Sciences group with the appointment of a four-strong Partner team.
Tags: Pinsent Masons LLP
Mayer Brown Advised a Syndicate of Banks on the Issue of EUR 500m Public Sector Pfandbriefe by Deutsche Kreditbank AG
Global law firm Mayer Brown advised a consortium of banks on the issuance und placement of a EUR 500 m Public Sector Pfandbrief of Deutsche Kreditbank AG due 25 January 2018 (issue date 25 January 2013). The Public Sector Pfandbrief has a fixed interest rate of 1.00 per cent. p.a. The syndicate of banks included Barclays Bank PLC, Bayerische Landesbank, Deutsche Bank Aktiengesellschaft, UniCredit Bank AG and WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank as Joint Lead Managers.
Tags: Mayer Brown LLP
Simpson Thacher Represents Team Health Holdings, Inc. and Selling Shareholders in Offering of 9,633,107 Shares of Common Stock
The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”), Ensemble Parent LLC (an affiliate of The Blackstone Group), and certain management shareholders in the sale by the selling shareholders of 9,633,107 shares of TeamHealth common stock, resulting in gross proceeds of $319,915,483. Ensemble Parent LLC sold 9,588,990 shares, representing the remainder of its ownership of TeamHealth’s stock. Barclays and Citigroup acted as joint bookrunners for the offering.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents the Underwriters in $150 Million Preferred Stock Offering by Cullen/Frost Bankers, Inc.
The Firm represented the underwriters, led by Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and UBS Securities LLC, as joint book-running managers, in connection with a public offering of 6,000,000 shares of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value per share, with a liquidation preference of $25 per share, of Cullen/Frost Bankers, Inc. The offering closed on February 15, 2013.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Blackstone in Creation of Largest National Single-Family Rental Home Platform
The Firm represents affiliates of Blackstone Real Estate Partners in the formation of Invitation Homes, L.P., a national platform to purchase distressed single family homes and then refurbish, lease and maintain them in neighborhoods across the country. According to press reports, Invitation Homes has spent more than $2.5 billion on 16,000 homes to manage as rentals, making Invitation Homes the largest owner of single-family homes in the country. In connection with the formation of Invitation Homes, the Firm represented affiliates of Invitation Homes in a $600 million revolving credit facility with Deutsche Bank as administrative agent.
Tags: Simpson Thacher & Bartlett LLP | New YorkMacfarlanes Expands Hedge Fund Offering with Fund Formation Partner Appointment
Macfarlanes has announced the appointment of alternative fund lawyer Simon Thomas as a partner in its investment funds group.
Tags: Macfarlanes LLP
Weil Advises AMR in $11B Merger with US Airways
Weil advised AMR, the parent company of American Airlines, in connection with its proposed approximately $11 billion merger with US Airways Group—a merger that would create the world’s largest airline, offering 6,700 daily flights to 336 destinations in 56 countries. The transaction has been approved by the boards of directors of both companies and is expected to close in the third quarter of 2013.
Tags: Weil, Gotshal & Manges, LLP | New York
Willkie Paris Office Represents French State in Obtaining EC Approval for €1.2 Billion PSA Group Aid
On February 11, the European Commission approved a State aid rescue package for the troubled PSA Peugeot Citroën group in the form of a temporary guarantee that the French State will grant to Banque PSA Finance, the group’s financial services entity. This State guarantee is capped at €1.2 billion and will allow Banque PSA Finance to issue, within a six-month period, notes with a maximum maturity of 36 months. Upon execution of the agreement between PSA, Banque PSA Finance and the French State, Banque PSA Finance will be permitted to refinance new loan production at a volume sufficient to support the automobile sales of the PSA group.
Tags: Willkie Farr & Gallagher LLP
Olswang Advises Warner Music on £487m Acquisition of Parlophone
Kirkland & Ellis Strengthens West Coast Presence with Hires of Leading Corporate Attorneys in Los Angeles and San Francisco
Kirkland & Ellis LLP announced today that the Firm has expanded its West Coast corporate practice with the hiring of leading attorneys Michael S. Ringler and Rick C. Madden. Mr. Ringler will join the Firm as a partner in the San Francisco office and was previously a mergers and acquisitions partner in the San Francisco office of Wilson Sonsini Goodrich & Rosati. Mr. Madden will join as a partner in the Firm’s Los Angeles office and was previously a corporate partner in the Los Angeles office of Skadden, Arps, Slate, Meagher & Flom LLP.
Tags: Kirkland & Ellis LLP | Los Angeles