On December 20, 2012, Contran Corporation majority-owned subsidiary, Titanium Metals Corporation, was acquired by Precision Castparts Corporation pursuant to a negotiated cash tender offer commenced under a merger agreement between Timet and PCC and a related support agreement between Contran and PCC.
Tags: Baker Botts L.L.P. | Dallas
SRZ represented Cerberus Capital Management LP and LNR Property LLC on the $1.05 billion sale of LNR to Starwood Property Trust and Starwood Capital Group. Under the terms of the deal, which was announced Jan. 24, 2013, Starwood Property Trust will acquire LNR business segments, including 50 percent of its interest in the nation’s leading residential and commercial real estate exchange Auction.com, for a total purchase price of $856 million. In addition, Starwood Capital Group will acquire for $197 million both LNR’s US Commercial Property Group and the other 50 percent of LNR’s ownership interest in Auction.com. Miami-headquartered LNR is a leading diversified real estate investment, finance, management and development firm with 12 offices throughout the U.S. and Europe.
Tags: Schulte Roth & Zabel LLP | New York
Linklaters has advised the lenders on the Western High-Speed Diameter Project (WHSD) in Saint Petersburg – Russia’s first city-based toll road and the largest PPP project in Russia to date.
Tags: Linklaters LLP | Moscow
Roetzel is pleased to announce that Jayne E. Juvan has joined the firm’s Business Services group as a partner in the firm’s Cleveland office.
Tags: Roetzel & Andress LPA
Cravath represented CyrusOne Inc. in connection with its US$361 million initial public offering of common stock. CyrusOne Inc., a subsidiary of Cincinnati Bell Inc., is a real estate investment trust that owns, operates and develops data center properties. The shares will be listed on the NASDAQ Global Select Market. The transaction closed on January 24, 2013.
Tags: Cravath, Swaine & Moore LLP | New York
The London and Johannesburg offices of leading international legal practice Norton Rose are advising Zimbabwe Power Company (ZPC) as sponsor of the Kariba South Power Station Extension project, in the Mashonaland West province of Zimbabwe.
Tags: Norton Rose Fulbright
Cadwalader, Wickersham & Taft LLP (“Cadwalader”) and Joseph P.C. Lee & Associates have advised Wison Engineering Services Co. Ltd. (“Wison Engineering”) as to United States and Hong Kong law on the completion of its initial public offering and listing in Hong Kong. The deal marks an important broadening of the firm’s international capital markets offering, which expanded in 2012 with the addition of three seasoned partners and a team of associates with deep experience in Asia.
Tags: Cadwalader, Wickersham & Taft LLP | Hong Kong
Paul Hastings, a leading global law firm, announced today that the firm, advised Medica France, an owner and provider of retirement and nursing homes in France and Italy, in connection with the completion of the sale/lease-back of 15 retirement facilities worth €131 million ($175 million) over 12 years. A banking consortium led by Natixis Lease purchased the portfolio of retirement facilities, which provide beds for 1,100 elderly persons. Terms of the transaction allow Medica France to retain an option for repurchasing the assets.
Tags: Paul Hastings, LLP
Reed Smith LLP, a leading international law firm, today announced the addition of Jeff Legault as a partner in its firmwide Corporate & Securities practice in the firm’s New York office.
Tags: Reed Smith LLP | New York
Michael K. Bolton, a nationally known transactional oil and gas lawyer from the Houston, Texas market has moved his energy practice to Faegre Baker Daniels LLP.
Tags: Faegre Drinker Biddle & Reath LLP | Denver