Davis Polk Advises Comcast on Its Acquisition of Shares of ARRIS

Tuesday, January 15, 2013

Davis Polk is advising Comcast Corporation in connection with its $150 million acquisition of shares of the common stock of ARRIS Group, Inc. The issuance of shares to Comcast is conditioned on the closing of the ARRIS Group’s acquisition of the Motorola Home business from Motorola Mobility, a subsidiary of Google Inc., and other customary conditions. As a result of the transaction, Comcast and Google will each own approximately 7.85% of the outstanding ARRIS shares.

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Tags:  Davis Polk & Wardwell LLP

Paul Hastings Advises on the FInancing for the Purchase of Planet Fitness Holdings, LLC’s Equity Interest by TSG Consumer Partners, LLC

Monday, January 14, 2013

Paul Hastings LLP, a leading global law firm, announced today that the firm represented joint book-running managers and lead arrangers, J.P. Morgan Securities LLC, BMO Capital Markets, CIT Group, OneWest Bank and U.S. Bank National Association, in connection with the financing of the acquisition of majority equity interest of Planet Fitness Holdings, LLC by TSG Consumer Partners, LLC. The financing consists of a $190.0 million term loan facility and $40.0 million revolving facility. JPMorgan Chase Bank, N.A. served as the administrative agent. BMO Capital Markets, CIT Group, OneWest Bank and U.S. Bank National Association also acted as co-syndication agents.

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Tags:  Paul Hastings, LLP | New York

Mayer Brown Advises Hanergy on Acquisition of MiaSole

Monday, January 14, 2013

Mayer Brown, a leading global law firm, announced today that it advised Hanergy Holding Group Limited, the largest privately-owned clean energy developer in China, on the acquisition of Silicon Valley-based MiaSolé, a high-tech company that designs and manufactures solar photovoltaic cells and modules to convert sunlight into electricity.

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Tags:  Mayer Brown LLP | Beijing