On January 17, 2013, Compagnie de Saint‑Gobain announced that it has agreed to sell its Verallia North America business to the Ardagh Group for an enterprise value of approximately US$1.7 billion. Verallia North America is the second largest glass container manufacturer in the United States. The transaction is subject to regulatory approval. Cravath acted as U.S. counsel to Saint‑Gobain in connection with this transaction.
Tags: Cravath, Swaine & Moore LLP | New York
Global law firm White & Case has advised Recordati S.p.A., a European pharmaceutical group listed on the Italian Stock Exchange, in connection with €100 million term facilities provided by Intesa Sanpaolo S.p.A. and Deutsche Bank AG for the acquisition by its subsidiary, Recordati Rare Diseases Inc. of assets for the treatment of rare diseases and other diseases from Lundbeck LLC. The facilities were guaranteed by Italian parent company Recordati S.p.A. and granted to its subsidiary Recordati Rare Diseases Inc., as borrower.
Tags: White & Case LLP
Fisher & Phillips LLP announced today that it has opened an office in Columbus, Ohio, with Steven Loewengart, a leading Ohio employment attorney, as managing partner. He is joined by associate Kevin Hess. This will be the firm’s 28th office in the United States and its second in Ohio.
Tags: Fisher & Phillips LLP
Simpson Thacher advised MerchCap Solutions LLC (“MCS”) in connection with a commitment by CPPIB Credit Investments Inc. (“CPP Credit”), a wholly-owned subsidiary of Canada Pension Plan Investment Board (“CPPIB”), of $50 million of equity to MCS to support its business.
Tags: Simpson Thacher & Bartlett LLP | New York
Goodwin Procter, a national Am Law 50 firm, announced today that Brynn D. Peltz has joined the firm’s Financial Institutions Group in New York as a partner in its Transactions and Investment Management & Regulation Practices, as well as the firm’s Private Investment Funds Practice. Peltz joins Goodwin from Latham & Watkins where she was a partner in its financial regulatory and investment funds practices. Previously, she was a partner at Clifford Chance.
Tags: Goodwin Procter LLP | New York
The Singapore office of Watson, Farley & Williams LLP (“WFW”), a leading international law firm, is pleased to announce that it has advised BGCM Partnership in relation to the sale of a substantial part of its managed marine cargo container fleet to Seaborne Intermodal, a subsidiary of US private equity firm Lindsay Goldberg, for a consideration of approximately US$408,000,000. The disposal comes as BGCM Partnership – an unlimited partnership registered in Singapore – exits its investments in order to return funds to its investors.
Tags: Watson Farley & Williams LLP | SingaporeThe law firm of Edwards Wildman Palmer LLP is pleased to announce that Alethia N. Nancoo has joined the firm as a partner in the Public Finance Department, residing in the firm’s office in Washington, DC.
Alfred W. “Chip” Sloan has joined LeClairRyan as a shareholder on the Sports Industry and Corporate Services Practice Area teams. He will be resident in the national law firm’s Los Angeles office.
Tags: LeClair Ryan, PC | Los Angeles
Ashurst has advised Trauson Holdings Company Limited (“Trauson“) in relation to its proposed public takeover by Stryker Corporation (“Stryker“) for a total cash consideration of approximately HKD 5.9 billion (approximately USD 761 million). Stryker’s offer price of HKD 7.50 per share represents a 66.7% premium to the closing price of HKD 4.50 on the last full trading date, 7 January 2013.
Tags: Ashurst | Hong KongAshurst Hong Kong has advised Peak Reinsurance Company Limited (“Peak Re”) on its formation and the grant of its insurance licence by the Office of the Commissioner of Insurance.
Tags: Ashurst | Hong Kong