Cravath – Saint-Gobain’s Sale of Its Verallia North America Business to the Ardagh Group

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.

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Tags:  Cravath, Swaine & Moore LLP | New York

White & Case Advised Recordati S.p.A. in Connection with €100 Million Facilities for the Acquisition of Certain Rights Concerning a Portfolio of Products From Lundbeck LLC

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.

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Tags:  White & Case LLP

Simpson Thacher Represents MerchCap Solutions in Connection with a Commitment by CPPIB Credit Investments Inc. to MerchCap Solutions

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.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Goodwin Procter Expands Financial Institutions Group with Addition of Brynn Peltz in 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.

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Tags:  Goodwin Procter LLP | New York