Weil Advises Titanium Metals in Its $2.9 Billion Sale to Precision Castparts

A Weil team led by Dallas Corporate partner Glenn West advised the special committee of the board of directors of Titanium Metals Corporation (TIMET), the largest titanium manufacturer in the US, in TIMET’s all-cash sale to Precision Castparts Corp., a worldwide manufacturer of complex metal components and products. The total equity value of the transaction was approximately $2.9 billion. The merger was approved by the boards of directors for both companies, and the deal is expected to close by the end of 2012.

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Tags:  Weil, Gotshal & Manges, LLP | Dallas

Kirkland & Ellis Represents American Industrial Partners in Acquisition of U.S. Subsidiaries of Hampson Industries PLC

In a transaction announced November 19, 2012, Kirkland represented private equity firm American Industrial Partners in its acquisition of the U.S. subsidiaries of Hampson Industries PLC, a UK public company. The investment is comprised of five operating divisions with a total of approximately $210 million in sales, approximately 1,140 employees and 10 manufacturing facilities located in California, Michigan and Texas that have unique product offerings and capabilities to serve the global aerospace market. The subsidiaries are Odyssey Industries, LLC; Global Tooling Systems, LLC; Coast Composites, LLC; Composites Horizons, LLC and Texstars, LLC. The acquisition was made through a UK ‘pre-pack’, shortly after the appointments of Simon Kirkhope and Chad Griffin of FTI Consulting as administrators of Hampson Industries PLC.

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Tags:  Kirkland & Ellis LLP | New York

Simpson Thacher Represents JPMorgan in Senior Secured Revolving Credit Facilities for General Motors Holdings LLC

Simpson Thacher represented JPMorgan Chase Bank, N.A., as administrative agent in connection with a five year $5.5 billion senior secured revolving credit facility and a three year $5.5 billion senior secured revolving credit facility for General Motors Holdings LLC, a wholly-owned subsidiary of General Motors Company.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Initial Purchasers in $300 Million Senior Notes Offering by Antero Resources

The Firm recently represented Wells Fargo, as representative of the several initial purchasers, in a $300 million offering of 6.0% Senior Notes due 2020 by Antero Resources Finance Corporation. The offering of notes was made to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Eversheds Ramps Up Middle East Offering

Global law firm Eversheds, named recently as one of the fastest growing law firms in the UAE by Asian Legal Business, has announced a series of appointments and secondments as the firm continues its rapid Middle East expansion.

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Tags:  Eversheds Sutherland