Simpson Thacher Represents Team Health Holdings, Inc. and Selling Shareholder in Offering of 8,792,572 Shares of Common Stock

The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”) and Ensemble Parent LLC (an affiliate of The Blackstone Group) in the sale by Ensemble Parent LLC of 8,792,572 shares of TeamHealth common stock (including the exercised underwriter’s option), resulting in gross proceeds of $253,665,702.20. After giving effect to the offering, Ensemble Parent LLC owns approximately 14.2% of TeamHealth’s common stock. Credit Suisse acted as underwriter for the offering.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Accenture in Joint Venture with GE Aviation Systems

The Firm represented Accenture plc in connection with the formation of a joint venture with GE Aviation Systems that will provide airlines and cargo carriers around the world intelligent operations services focused on improving efficiency. The new joint venture, called Taleris, will leverage aircraft performance data, prognostics, recovery and planning optimization solutions that will include assets and capabilities from both Accenture and GE.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Silicon Valley Attorney Hiring Update: December

There were some major Silicon Valley legal job changes in the month of December.  Here is the run-down of the most prominent:

Foley and Lardner hired attorney Frederic Adam for its Tax group.  The partner joins from KPMG and brings 18 years of experience to Foley.  Adam is a graduate of the University of Denver College of Law and holds an LLM in tax from NYU.

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Tags:  Silicon Valley

Cadwalader Strengthens Capital Markets Presence in Beijing with Strategic Hire

Cadwalader, Wickersham & Taft LLP (Cadwalader), a leading counselor to global financial institutions and corporations, today announced that Rose Zhu, an established attorney with deep inroads throughout China, has joined the firm’s Corporate Group as a partner. Rose is the fourth partner to join the Firm’s Asia practice since 2012 and she will reside in the Beijing office.

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Tags:  Cadwalader, Wickersham & Taft LLP | Beijing

Davis Polk Advises on Tribune Exit Facility

Davis Polk advised JPMorgan Chase Bank, N.A. as administrative agent and J.P. Morgan Securities LLC as joint lead arranger and bookrunner (JPMorgan) in connection with a $1.1 billion senior secured exit term loan facility for Tribune Company (Tribune) entered into pursuant to Tribune’s chapter 11 plan of reorganization (Plan). Pursuant to intercreditor arrangements with Bank of America, N.A. as administrative agent under a $300 million senior secured exit asset-based revolving credit facility for Tribune, the exit term loan facility is secured on a first priority basis by substantially all assets of Tribune and its subsidiaries (other than accounts receivable and certain related assets (ABL Priority Collateral)) and on a second priority basis by the ABL Priority Collateral.

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Tags:  Davis Polk & Wardwell LLP | New York